From "Overheard" in the WSJ this morning:
Circulating in Asia, a view of how the Chinese stimulus package fits in history:
1949 (Chinese revolution): Only socialism can save China.
1979 (Deng Xiaoping reforms): Only capitalism can save China.
1989 (Fall of Berlin wall): Only China can save socialism.
2008 (Global crisis): Only China can save capitalism.
Thursday, November 13, 2008
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