China Piece
China Runs Out of Money
by OffSite (11/3/11)
Dominant Social Theme: One thing is for sure, the Chinese communists know how to run a capitalist economy and have done a helluva lot better job than Europe or America! Something about socialism really gives people the “smarts.”
Free-Market Analysis: The editors of the Economist “newspaper” – who never met a tin-pot dictatorship or dictator that they couldn’t find some way to praise – have apparently “hit a wall” when it comes to China. That great hope of capitalism (Communist China) is broke and heading for a hard landing. Full Piece
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