RE TOWN AND COUNTRY ETC

Lester Thurow did an interesting talk, saw it recently, re the Chinese industrialization break through in the 80s.

It apparently, according to Thurow, began quietly with an agricultural reform in the 70s, allowing peasants to work their own small plots, so that a surplus was eventually created; whereas the previous collective system had failed.

He contrasted that with the Russian transition to 'capitalism'.

Very interesting.