Red Capitalism

Red Capitalism

The Fragile Financial Foundation of China's Extraordinary Rise

Book - 2011
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Publisher: Singapore : Wiley ; Chichester : John Wiley [distributor], 2011
ISBN: 9780470825860
0470825863
Branch Call Number: Business & Career 338.951 WAL
Additional Contributors: Howie, Fraser J. T.

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StarGladiator
Mar 14, 2015

A fascinating book. The authors posit, based upon empirical data, that the banking system of China is built on a most tenuous foundation, those foreign investments are into an oligopoly, and tightly controlled monopolies, not the soundest kind. Personally, this fits with other data I've read: the multinationals ship their jobs to China, and China's equity investments in return are based upon those jobs, a global loop which benefits the oligarchs of OECD countries and China, but is based upon a most anti-progress model!

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