common sense

"there is no arguing with one who denies first principles"

Tuesday, June 2, 2015

hollowed out institutions

http://www.washingtonpost.com/opinions/for-american-pundits-china-isnt-a-country-its-a-fantasyland/2015/05/29/24ba60e0-0431-11e5-a428-c984eb077d4e_story.html

Two things that will surprise most Westerners when and if they happen are the corruption of the banking system and the weak nature of the Communist Party. Weak growth in the economy over the next few years will start the crack in the foundation of both institutions.

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