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San Migs - 2015-07-10

Thanks for replying.

Was the computer crash in the US a cyber-attack by China is what you are asking. More on that later but first let’s consider the Chinese stock market.

I wasn't really asking for or expecting a reply, I just find it all rather suss. But again, thanks for the reply.

Anyone who expects a country like China, with its one party system, to understand how markets work needs to do further research. For markets to work in China the state needs to relax its grip on business, trade and finance. To do this will need a seismic shift in state control, more private ownership of property, and a ruling elite that comprehends exactly why the stock market lost a third of its value, and not to respond with a knee-jerk reaction to these events.

In this context, Russia under Putin is much the same, state capitalism if you like. Medvedev even stated the "Chinese Model" could be good for Russia and that it was something they should look into.

https://en.wikipedia.org/wiki/Gazprom

No time to post more, sorry!

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Re Coincidence and causality -- San Migs -- 2015-07-10
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