Free Republic

It’s been obvious for years that China has a Potemkin economy, kept alive by slave labor, market bubbles, and government underwriting. it can’t last forever. The latest grim forecast about the economy comes from Peter St Onge, an economist with a much deeper fund of knowledge about and understanding of the Chinese economy than I could have in a thousand lifetimes.The biggest hint that the Chinese economy was in trouble was the demise of Evergrande, a massive property developer in China. The bankruptcy was huge, with the company’s assets valued at a probably inflated $245 billion and debts of $300...

President Barack Obama toasted the founding dictator of post-colonial Tanzania on Monday, who collectivized the nation’s low-tech agricultural sector, established a one-party state and left that African nation’s economy in ruins.“[Y]ou might say an American child is my child. We might say a Tanzanian child is my child,” Obama said after quoting the Tanzanian saying “my neighbor’s child is my child.”“In this way, both of our nations will be looking after all of our children and we’ll be living out the vision of President [Julius] Nyerere,” Obama continued. “The core values that he proclaimed for Tanzania also describe what both our...