Monday, 16 January 2012
Resource based economies protected by totalitarianism
Resource based economies will be partially insulated against impending global financial crises because those with absolute dictatorial political control absolutely need to preserve themselves. Suppression of growing popular uprising and political dissent is more sustainably achieved by "making the populace happy": fostering domestic consumption. Mainland China's Central Communist Party Committee is aware of this, obviously; and they have more than three trillion US dollars in foreign exchange reserves.
Posted by Nils Marchant