In response to an FT article by Hank Paulson on 21st July 2015, entitled 'Let China's markets speak truth to power'
"Beijing...needs...a well enforced regulatory regime designed to minimise accounting fraud and market manipulation...transparent accounting and disclosure standards...and independent debt rating agencies"
I totally agree...and New York should put in an order for those at the same time.
"Let China’s markets speak truth to power"
Again, great idea, and yet that's exactly what the invisible hand was trying to tell the Committee to Save the World when it selected Wall Street for bankruptcy in 2008.
Alas, power wasn’t listening then, and given the unconscious irony in this advice to China, power isn’t listening now, not even to itself.