Wednesday, January 26, 2011

China has big problems

Gordon Change has been following China. China has big problems. It is a strange combination of wealth and poverty. Its per capita GNP is a small fraction of ours.

China's government is fragile. It is very centralized and inflexible, which leads to being broken - shattered. He wrote an entire book on it:

The Coming Collapse of China

He also has a blog at Forbes.

2 comments:

Rick Hebron said...

Ron, your blog continues to be first-rate. This overview of the last 120 years or so in China is outstanding. I also love the searing article about a proposed Washington State Bank.

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