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IPFS News Link • Economy - International

The Coming Chinese Depression


Chinese Urbanization Putting Huge Strain On Cities ... A forest of buildings and cranes rises through thick fog above roads jammed with cars in a Chinese city the size of Austria and home to more than 32 million people. The southwestern megacity of Chongqing is bursting at the seams as authorities struggle to keep pace with its rapidly growing urban population – a situation seen repeatedly across the vast country of 1.3 billion people. – US Newstime

Dominant Social Theme: The Chinese Communist Party is running China according to enlightened Marxist principles. Therefore China will prosper indefinitely, thanks to Karl Marx. Communism cannot fail.

Free-Market Analysis: Yesterday, we discussed a speech by Chinese Premier Wen Jiabao. It was a very inoffensive speech, presented with mild words, until you deconstructed it and saw that at its core, it was a fundamentally fascist approach to human interaction. In this article, we want to discuss the ramifications, which are potentially disastrous for the world economy.