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Castles Built on Sand

Even for the average homeowner, ownership all too often is imagined as a way of gaming income flow and consumption over a lifetime, accumulating enough to spend down before one has to become a ward of the welfare state. It is part of consu...

Empire’s Heir?

As the old saying suggests, be careful what you ask for, because you may get it.  The hubristic here in China are well on their way to discovering some uncomfortable truths of arrival as a great power. For the last twenty years, rapid econo...