CHINA’S LURKING WOES: History bites back.

Chinese leaders thought they had learned from these Russian mistakes but now Chinese economists and bankers are reporting that China has many of the problems that brought down the Soviet Union and kept post-Soviet Russia weak. While China currently has the second largest economy on the planet it has many serious problems that cannot be ignored.

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China has made impressive efforts to deal with corruption it concentrates on, such as corruption that causes the most unrest among the general population. This includes blatantly corrupt behavior at the local level as well as in the military or companies where the bad behavior leads to tainted food or medicine. But if you are a loyal senior official and show discretion and restraint in your corrupt practices you are left alone. That form of favoritism is necessary to run what is just another Chinese dynasty.

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