Things work great in command economies until they do not work, and then they REALLY do not work. We will wait and see what happens with China, but I suspect it is not going to be pretty.
Everyone giving advice to China to just let market forces take over and see where things go is naive and reckless. Bush Sr was over in Russia crowing about how much they embraced capitalism after the fall of communism. He was advising everyone to invest in the worlds latest free market. How did that work out? Learn some history.
