完全的有色眼镜:
What the elections in both India and the US proved to me is that democratic
countries can change course and choose better economic policies. The
disaster is the stimulus package in China. The Chinese stimulus package was
based on forced loans from the banks and local government money. The bank
money has gone to the large state owned industries (see my blog post on
Venezuela) and the more efficient smaller firm are starved. The local
governments have simply not paid up. It is difficult f
