READ FOR YOURSELF IF YOU FIND THE OP-ED TO BE RACIST AGAINST CHINESE:
https://www.wsj.com/articles/china-is-the-real-sick-man-of-asia-11580773677
TITLE: China Is the Real Sick Man of Asia
Its financial markets may be even more dangerous than its wildlife markets.
by Walter Russell Mead
(EXCERPT)
Epidemics also lead us to think about geopolitical and economic hypotheticals. We have seen financial markets shudder and commodity prices fall in the face of what hopefully will be a short-lived disturbance in China’s economic growth. What would happen if—perhaps in response to an epidemic, but more likely following a massive financial collapse—China’s economy were to suffer a long period of even slower growth? What would be the impact of such developments on China’s political stability, on its attitude toward the rest of the world, and to the global balance of power?
China’s financial markets are probably more dangerous in the long run than China’s wildlife markets. Given the accumulated costs of decades of state-driven lending, massive malfeasance by local officials in cahoots with local banks, a towering property bubble, and vast industrial overcapacity, China is as ripe as a country can be for a massive economic correction. Even a small initial shock could lead to a massive bonfire of the vanities as all the false values, inflated expectations and misallocated assets implode. If that comes, it is far from clear that China’s regulators and decision makers have the technical skills or the political authority to minimize the damage—especially since that would involve enormous losses to the wealth of the politically connected.
We cannot know when or even if a catastrophe of this scale will take place, but students of geopolitics and international affairs—not to mention business leaders and investors—need to bear in mind that China’s power, impressive as it is, remains brittle. A deadlier virus or a financial-market contagion could transform China’s economic and political outlook at any time.
CLICK ABOVE LINK FOR THE REST...
It is the Chinese average folks who are the victims here.
The WSJ is just calling out the political and financial elite...
as they should.
Could it be an assessment of ChiCommunism rather than race?
In 40 years China has gone from not being able to produce enough food to feed it's people to a supposed super-power. Yet all they really are is a paper tiger. The entire society is massively corrupt and lacks any type of morality, other than to accumulate money and power. When the SFHTF within their own country, and the Corona virus could be the match that finally lights the powder keg that is China, they are going to implode. If you spend any time around the current group of Chinese immigrants from China you find out several interesting things:
1. They are generally very hard workers
2. They all hate China
3. The corruption and moral decline in China is beyond belief
4. Most still believe that the U.S. needs to become more Socialist