Keep on dreaming. Just in last 25 years, China has created 150 NEW Billionaires and ONE MILLION NEW millionaires. Naked capitalism is obviously thriving in China. Sure the system is autocratic. But that keeps crime rates near zero. And you will never hear the muzzies creating trouble in China. When there was trouble recently, the government rounded up several hundred terrorists and shipped them to Allah’s heaven. That is the assumption since no one has seen them since.
You must not be following financial news. Last year China raised interest rates to cool off the the real-estate bubble, which is caused by speculators, and is mostly in high demand crowded areas such as Beijing. Go 500 miles out and there you will find thousands of newly built unsold homes.
“Keep on dreaming. Just in last 25 years, China has created 150 NEW Billionaires and ONE MILLION NEW millionaires. Naked capitalism is obviously thriving in China. Sure the system is autocratic. But that keeps crime rates near zero.”
Go to bed, Jim Rogers.
Also China is hardly a paradise of free market capitalism; the state still controls considerable portions of the economy and in fact centralization has increased under Hu Jintao.