China will “fail” as long as it sticks to socialist/statist economic management. Its One Belt, One Road is a big Keynesian infrastructure boondoggle, passing no known market tests. China suppresses speech. That dampens the entrepreneur. For further insights on China will fail, see here, here, here, here, and here. Failure means it won’t be the great economic success that it advertises, that it hopes for, and that commentators and strategists may be taking for granted. China can turn around if it abandons socialist policies and adopts free market policies, including the protection of private property rights. The same goes for … Continue reading China Will Fail