>Capital controls are populist. They shift power away from the wealthy to those at the political levers. No? Capital controls in western history is hardly popu

>Capital controls are populist. They shift power away from the wealthy to those at the political levers. No? Capital controls in western history is hardly populist. When I think of populist economic movements, the Bretton Woods System doesn't come to mind. And it's clear China's capital control serve to keep power in the hands of the autocracy; not the other way around. If the value of the dollar was spiraling to zero it's the Fed, and their clients, that would have the most to lose.