Jeremiah A. Barondess
President of the New York Academy of Medicine.
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Does Inequality Kill?
President of the New York Academy of Medicine.
Many Western economists presume that governments are not very good at identifying industries that merit support, and that domestic consumers and taxpayers incur the bulk of the costs. By the same logic, if Chinese policymakers effectively targeted activities where social benefits exceed private benefits, then it is not clear why foreigners should complain.
