Mobocracy update

The restaurant owners (see ambiv’s post, below) are fighting back, but it’s clearly a losing battle. In front of each of the restaurants now hangs a protest banner, white with black characters: “High Honesty Supermarket, give back our blood-sweat money!” “You illegally cut off our electricity, and treat tax-paying people like convicts!”, and so on.… Continue reading Mobocracy update

End of the China bubble?

It was bound to happen, of course. The irrational exuberance about ‘China’s Century‘ has begun to abate. The New York Times has given extensive coverage to the problems of China’s legal system and government corruption, and these same two themes were also high-lighted in a critical survey of the country in the recent Foreign Affairs… Continue reading End of the China bubble?