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Jack Ma is not the problem — Li Xuran

Summary:
Excellent analysis of capitalism with Chinese characteristicsIt is about the opportunities, challenges and dangers that capitalism entails, and how to deal with these issues in a developing socialist country. There is little or no development outside of capitalism but unbridled capitalism will take over everything and eventually run amok. The Chinese leadership understands this, and the example of the West stands as a warning, showing the pitfalls to avoid without throwing the baby out with the bathwater. In the author's view is on the right track.The analysis is highly sophisticated, but it is put in a way that any educated person can understand. Should-read.MR OnlineJack Ma is not the problemLi Xuran, originally published in Chinese in Utopia (乌有之乡)

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Excellent analysis of capitalism with Chinese characteristics

It is about the opportunities, challenges and dangers that capitalism entails, and how to deal with these issues in a developing socialist country. There is little or no development outside of capitalism but unbridled capitalism will take over everything and eventually run amok. The Chinese leadership understands this, and the example of the West stands as a warning, showing the pitfalls to avoid without throwing the baby out with the bathwater. In the author's view is on the right track.

The analysis is highly sophisticated, but it is put in a way that any educated person can understand.
 
Should-read.

MR Online
Jack Ma is not the problem
Li Xuran, originally published in Chinese in Utopia (乌有之乡)

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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