The rollback of free market policies in China – CBS’ 60 Minutes program. I just watched this on TV. American economist continue the tired old stereotype spin on China. He did not do his homework!
Surprisingly, CBS’ 60 Minutes show did an episode on China’s crackdown on some free market policies, which gave time to both sides of an American debate, but one in which China’s actions were described accurately by two of the three speakers. The two Chinese economists on the program, Weijian Shan and Keyu Jin, gave accurate information and insight on what China is doing, and made a fool of China hawk Matt Pottinger, who could only cite tired old stereotypes and not address any of Weijian Shan and Keyu Jin’s points.
RD: IMO Keyu Lin knows China well and may be a future national leader when she returns to China
Professor John Walsh, MD in SF: Weijian was superb and Keyu Jin was also quite good.
Matthew Pottinger was a disgrace – he looked like the simpleton he is.
And the 60 Minutes episode could have been soooo much better if it had tried to discuss the facts and get a picture of them rather than trying to shoehorn them into simple anti-Communist categories.
If it is not yet apparent to the US that China bears almost no resemblance to the post-Lenin (post-NEP) Soviet Union, then the US is totally wrapped up in sterile categories that prevent it from seeing the real world.
Johnson Choi Biz 