I have a great deal of respect for the Wall Street Journal but a recent article by Greg Ip is an example of, once again, the blind leading the blind on what’s really wrong with the U.S. economy. The headline reads: Economic Theory Gets Its Day Right away, something is wrong. Why would anyone care […]…
Category: blog
The Evidence Mounts: China’s Xi Jinping is turning himself into another strongman
The fact that President Xi Jinping is establishing rigorous centralized control over so many different aspects of Chinese life and politics, as per this latest article in the New York Times, is very significant. This is a return to the sort of China that most Americans have never witnessed and can scarcely understand. I caught the tail-end […]…
China’s Problems May Be Much Deeper Than Outside World Recognizes
Andrew Browne of the Wall Street Journal is arguably the best China-watcher on the ground and this piece of his today is deeply shocking for an old China hand such as myself. The editors placed it on a back page and may have not understood its significance. The use of forced confessions is a leftover […]…
The Travesty of Steve Rattner Writing For The New York Times
If you ever wonder why Americans are so profoundly uninformed about what needs to be done to fix our economy, thank The New York Times and Steve Rattner for book reviews such as this one today. Rattner was an investment banker until he got caught in a pay-to-play scheme with New York state pension funds […]…
The Deep Struggle in China
Most of the commentary these days on China does not seem to grasp the depth of what is happening there politically. Having spent time on the ground there and speaking to dozens of Chinese about what happened during the Cultural Revolution, I have some sense that truly major things can happen in China and they […]…
