Is Evergrande Really China’s Lehman Moment?
Capitalisn't
I Don't Think China Is Unique in Intervening and Sometimes Change the Rule Exporse
I think the descent into, whether you call it plutocracy or chrony capitalism, is hugely troubling in america. Regardless of whether we should have tighter rules on what corporations are allowed to do, and better a macroprudential regulation ta than we have,. i don't think would stand for the sort of persecution, prosecution of billionaires, that has been seen in china. But i think that if you look at the history of the united states, in inda 30, for example, the state came back pretty aggressively. And many rich people, starting with the dupon family, cry wolf and sai that this was commonism, and they were expropiated. So
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