Red Ponzi Update——-Gambling Like Never Before

In the heyday of its incredible credit and construction boom, China was building two world-scale utility plants each week and opening up a new airport every day. Economic fiction writers like Goldman’s Jim O’Neill, chief propagator of the BRICs myth, declared the Red Ponzi to be the very second coming of capitalism. Now, by contrast, a Chinese billionaire goes missing practically every day, as […]
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