The communists are more capitalistic than the democratic countries

China allows first corporate bond default

Chinese authorities have allowed the country's first corporate bond default, inflicting losses on small investors in a painful step toward making its financial system more market-oriented.

http://www.cnbc.com/id/101474300

 

It is odd that communist nations such as China have more wealth in the bank than USA. I suppose Russia won't allow us to fly in their spaceships if the situation in Ukraine isn't resolved to their liking. We do indeed live in interesting times

 

its communist by name, just like how the US is "democratic"

 

Concentrated wealth for party use.

 

I am watching the sanctions go back and forth and can't help thinking of Albert Einstein.

I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones. - Einstein