Stuff That Interests Me

I was lucky enough to attend the Students for Liberty conference, LibertyCon 2022, in Prague last weekend.Oh, my goodness. What a beautiful city is Prague!I’d never been before, but I shall be returning ASAFP.While there, I heard a talk by Li Schoolland, a Chinese-American business woman, who is the Director of External Relations Asia Pacific for the Acton Institute. She fled China in 1984, having survived Chairman Mao’s Cultural Revolution.She made the case that China, not the US, is the “paper tiger”. What did she mean and what does it imply for investors and the Chinese economy?China is in troubleThe expression “paper tiger” is used to describe something that appears powerful or threatening, but is in fact weak and vulnerable. The term was made famous by the notorious chairman of the Chinese Communist Party and founder of the People’s Republic of China, Mao Zedong, in 1957. He said: “All the reputedly powerful reactionaries are merely paper tigers.