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Read Hank Paulson's book, Dealing with China. The Communist Party can only extract so much value from to masses while corruption and opacity are the norm in gov
by killjoywashere 9y ago
Read Hank Paulson's book, Dealing with China. The Communist Party can only extract so much value from to masses while corruption and opacity are the norm in government. Instead of looking at the economy as a virtuous cycle of re-investment making more resources available for collateral, they treat the economy like a well and wonder why it keeps running dry.
- gressquel 9y agoPeter Navarros Death by China is a good read too
- anizan 9y agoI enjoyed reading China's Great wall of Debt and The Hundred-year marathon.
- dv_dt 9y agoI can't help but think the "The Communist Party" in your comment could be replaced with any small group of people with defacto power over a nation ...