China's markets lost 5.9% last night, and have lost about one third of all value the past month.His headline for the story:
Capitalism is a Chaotic System With Frequent Bubbles and Bursts So That's Why We Should Switch to a "Managed Economy" Like ChinaRead more here.
Something Tom Friedman has said a dozen times, but I wonder if he's saying that now.
China's deliberately-created housing bubble is bursting and who knows what the world fallout will be from this.
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