Why Is China’s Economic “Triangular Structure” Impossible to Reform? Because the system that benefits state-owned enterprises, local governments, and state-owned banks is directly tied to the Chinese Communist Party’s political power base. Any serio…
How Did China Create Global Trade Imbalances? It is because the Chinese government suppressed household income, increased savings, and converted those savings into exports—effectively exporting debt and unemployment to the rest of the world through …
How Will the Investment Paradigm Change Over the Next 15 Years? Over the next 15 years, the investment paradigm is expected to shift toward an era of state capitalism , where governments control capital flows. Unlike the past, investors should pay a…
Will We Enter an Era of State Capitalism After 40 Years—Should We Sell Bonds? Russell Napier warns that due to rising debt and geopolitical competition, an era of financial repression—where governments take control of the economy—is emerging. This i…