[quote=pri_dk]Allan, read the thread – you and Brian are in violent agreement.
Thanks for the word of the day:
anodyne
adj ˈa-nə-ˌdīn
1: serving to alleviate pain
2: not likely to offend or arouse tensions
I think you’ve taught me more vocabulary than my 9th grade English teacher.[/quote]
Pri: I’m happy to have supplanted Mrs. Bigglesworth’s contributions to your vocab, but, egads, don’t tell me that Brian and I are in agreement. I’m too mentally fragile for such a reality.
Kidding aside, I actually agree more with what SDR and you said: China is opaque and that opacity serves an excellent purpose. China is an AUTOCRATIC, COMMUNIST country and anyone who hopes that someone they’ll grudgingly join in the free market system and sing “Kumbaya” with the rest of us is sorely mistaken.
China cannot make the transition to a consumer-driven internal market. They don’t have the time and they don’t have the customers. China’s meteoric rise is more due to circumstances (they had much farther to travel after the 1979 market reforms) and the Party’s willingness to plow billions upon billions into nearly worthless infrastructure programs (ghost cities and trains to nowhere). The bill is coming due and the correction, when it occurs, will be fugly. Not ugly, not bugly, but FUGLY.
