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Thursday, March 17, 2016


Trump’s ability to tap into the fears of those who feel marginalized is hardly unique to the United States.

The Globalist dislikes Trump intensely and thinks that what's been going on in terms of companies moving their factories offshore is great, they admit that it's not all beer and skittles in, for example, China.

While an unprecedented number of Chinese tourists have flocked overseas to shop at some of the world’s toniest stores and Chinese investors are key players in global markets, the divide between those who are accumulating wealth and those barely scraping by continues to widen rapidly.

The leadership in Beijing has actually emulated its big capitalist brother in Washington by essentially paying mere lip service to correcting the widening gap between those who have gained from globalization and those who are losing as a result.

It seems that China has a particularly virulent brand of Crony Capitalism. Of course it's easier to do when you don't have to disguise the cronyism because political opposition is not allowed. But if you don't give enough of the spoils to the peasants, pretty soon you won't have enough police and military to prevent a "preference cascade" for a different gang of rulers.

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