The Macroeconomics of Chinese kleptocracy. China is a kleptocracy of a scale never seen before in human history.
This post aims to explain how this wave of theft is financed, what makes it sustainable and what will make it fail. There are several China experts I have chatted with – and many of the ideas are not original. The synthesis however is mine. Some sources do not want to be quoted. Home to freedom and prosperity, and free-market education for over 50 years. Foundations of Economics. Economics in One Lesson.