Why the PRC Cannot Succeed Economically

…and why it’s feeling the need to go out from the Center of Heaven and seize the East and South China Seas, to expand into the Siberian oil and mineral fields (this time peacefully, but no less to the detriment of Russia), why it steals intellectual property.

One interview with an environmental engineering student at Tsinghua University stuck with me. His parents grew wealthy by building companies that made shoes and water pumps. But he had no desire to follow in their footsteps—and they didn’t want him to either. Better that he work for the state, they told him: the work was more secure, and perhaps he could wind up in a government position that could help the family business.

There’s more in the article, but this pretty much is the sum and total of it.

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