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The BMI – The Unstoppable Growth of China’s High-Speed Rail Network

Summary:
The BMI is not state owned Chinese media. They seem to cover all sorts of big projects like this from all around the world.China makes no profit on its high-speed rail as they see it as a social good. Neoliberalism, with its privatisation and need for sufficient profits, can't cope with building a country's infrastructure. The Western answer is to try to destroy the competition. In Britain they have privatised almost everything so the oligarchs can make all the profits, and they recently got the Royal Mail, but they are after the NHS too. In China they threw their oligarchs out of power, so now the country can be run for the benefit of everyone, not just the rich. [embedded content]

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 The BMI is not state owned Chinese media. They seem to cover all sorts of big projects like this from all around the world.


China makes no profit on its high-speed rail as they see it as a social good. Neoliberalism, with its privatisation and need for sufficient profits, can't cope with building a country's infrastructure. The Western answer is to try to destroy the competition. 


In Britain they have privatised almost everything so the oligarchs can make all the profits, and they recently got the Royal Mail, but they are after the NHS too. In China they threw their oligarchs out of power, so now the country can be run for the benefit of everyone, not just the rich. 



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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