China: A Paper Tiger In A Fragile Economy

Put simply, the Chinese economy is one giant Ponzi scheme that depends on new investors to cover the bad debt, mask its weakness, and con the rest of the world. The revenues derived from the Ponzi are used to launder money for the nation’s leaders and well-connected elite.

This is what modern-day communism looks like; forget the proletariat, Karl Marx, and Stalin-esque facial hair. It is about utilizing the power of the state, with a modicum of the enterprise system, to generate enormous wealth.

https://www.libertynation.com/china-a-paper-tiger-in-a-fragile-economy/

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