> often by ordering banks and other creditors to accept losses for the greater good before things get out of hand.
so far so good...
> including all of its major banks, are state-owned, and executives are usually members of the Communist Party,
so they are in the 70s stage of corrupting captalism in favour of political cronism a la USA. economic failure is political failure, until some groups have enough political permanence to avoid economic failure at all costs.
so far so good...
> including all of its major banks, are state-owned, and executives are usually members of the Communist Party,
so they are in the 70s stage of corrupting captalism in favour of political cronism a la USA. economic failure is political failure, until some groups have enough political permanence to avoid economic failure at all costs.