Dambisa Moyo - Is China the new idol for emerging economies It is refreshing to see public intellectuals other than Eric X Li speak openly against the blind faith that most westerners place in their own brand of democratic governance and market capitalism (a faith that they attempt to impose on the rest of the world). However, I wanted to voice my skepticism on two of Moyo's … [Read more...] about African Economist Dambisa Moyo: Is China the new idol for emerging economies?
Analysis
Making a Mockery of China’s Air Defense Identification Zone (ADIZ) – and the Precedents it Sets?
Wow, here is an update on the China ADIZ and the recent aftermath. While I did expect U.S. and Japan to express some kind of reservation over China's recent establishment of an Air Defense Identification Zone in the East China Seas, I had not anticipated the full sound and fury of the storm! Within hours after China's public announcement of the ADIZ, the U.S. decided to … [Read more...] about Making a Mockery of China’s Air Defense Identification Zone (ADIZ) – and the Precedents it Sets?
Is China Escalating Tensions in the East China Seas By Creating an Air Defense Identification Zone?
Recently, one sees again a torrent of articles in the Western press about how China is escalating tensions in the the East China Seas By Creating an Air Defense Identification Zone. The response from the U.S. and its lackey Japan has been swift. NYT reports: China’s announcement appeared to be the latest step in what analysts have called a strategy to chip away at Japan’s … [Read more...] about Is China Escalating Tensions in the East China Seas By Creating an Air Defense Identification Zone?
Another Housing Bubble in US? (Under the Cover of China’s Housing Bubble)
http://www.nbcnews.com/business/housing-sales-drop-worrisome-signs-west-2D11624125 Apparently, the lure of money makes people forget lessons of the past. So when recently the housing prices started to rise again in the Western regions of US, People are starting to dump houses, hoping to cash in on the higher prices. (either that, or just trying to get themselves out of … [Read more...] about Another Housing Bubble in US? (Under the Cover of China’s Housing Bubble)
“Capitalism Has Gone Nuts!”
That's what I said to my parents-in-law who asked me to explain the "market" behavior that turns on every bit of news. To the ordinary people, American or Chinese or anyone else, the "market" is hard to explain/understand. That's because it really is nuts/bonkers/crazy/insane/irrational. This is NOT some "rational market", because this "market" of today responds to … [Read more...] about “Capitalism Has Gone Nuts!”