Flash: China is still poor…
Posted on Sunday, December 30th, 2007 at 9:43 am by Jeff Hoy…and still sucks.
China, it turns out, isn’t a $10-trillion economy on the brink of catching up with the United States. It is a $6-trillion economy, less than half our size. For the foreseeable future, China will have far less money to spend on its military and will face much deeper social and economic problems at home than experts previously believed.
Communism is like a Macintosh, it just works, except when it doesn’t. It’s all in the propaganda.
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