ACC Archives

Tag: Beijing
Bank Of America Says China (the Ultimate Crony Capitalist State) Has Passed The ‘Point Of No Return’

Anyone who has read us for very long knows that we’ve long been skeptical of the “Chinese Dream.” Back in 2011-2012 when union leaders and others were explaining to us that “state capitalism,” that is crony capitalism, worked because it...

China’s horrible pollution, yet another failure of central planning, like smoking 40 cigs a day in Beijing

Image: The Economist The free market is often blamed for pollution. The the unbridled greed of capitalists is the reason rivers flow red, forests are felled, and air is made hard to breathe. And historically speaking there is some truth...

(VIDEO) Raw footage of the MASSIVE explosion from multiple views in the Chinese port city of Tianjin. Comes on heels of stock cash, yuan devaluation

China, the country we often refer to as the Ultimate Crony Capitalist State is in the midst of serious upheaval. Its stock market has been in precipitous decline, the government has devalued the currency, and now this, a truly massive...

China the Ultimate Crony Capitalist State devalues its currency, World markets shudder, expect more trouble going forward

In case you haven’t noticed things aren’t so hot in China. In fact the country, the Ultimate Crony Capitalist State is in serious trouble. Today it devalued the yuan, its currency. We have been sounding the alarm on China for...

“A grave mistake,” China steps up support to arrest stock market slide

The Ultimate Crony Capitalist State is feeling a bit unstable right now. Instability is the great enemy of the Chinese Communist Party. The market mechanism continues to bleed through all across the Chinese economy and Beijing is getting (more) nervous....

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