Re:The China Bubble's Coming -- But Not the One You Think
by RyanMcGreal on Thursday July 30, 2009 @11:11AM
(#732371)
Nitpick:
Since China isn't a democracy, it doesn't suffer these problems.
Liberty and democracy aren't the same thing. If anything, a more democratic country would be more able to coerce banks in (something resembling) the public interest than a country with a more aggressively limited government.
Since China isn't a democracy, it doesn't suffer these problems.
Liberty and democracy aren't the same thing. If anything, a more democratic country would be more able to coerce banks in (something resembling) the public interest than a country with a more aggressively limited government.