Precarious Zhong Guo


Some high risks social conditions are brewing up in ZG(China), and depending on how history deals, an explosive condition may ensure. At present, large amount of tax payer equity is being injected into the corruption prone system to stimulate the economy for the imminent goal of shoring up employment. Freewheeling money, possibly funneled from the state controlled banks are ransacking the property and stock market.
Meantime, the huge export oriented industrial infra structure with significant private sector participation takes great pain to transform itself to service a far less affluent domestic market, at fierce competition, something the WSJ characterize as being the most efficient in the capitalist history. Redundant workers are pushed back to the rural countries, without the least of social safety network! How long can they remain quiet?
It is apparent the consumption end of the international supply chain - US and the European Union - will undergo an extended period of economic stagnation, may even be depression. Can ZG then be able to lift itself from the possible mayhem? Would the commie cadres survive the temptation of unrestrained self gratification by wholesale theft of the public pot? Would the disadvantaged general public that has become more vocal as social economical woes become more and more difficult to hide, be muted when the soaked away meager state hand outs dry out?
It is an open question; and god blesses the sons and daughters of the Dragon that no more calamities befall on the land of plentiful misery!

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