In the Sept 3 edition of The Economist, they talk about the recent train crash in China, remarking...
The crash was an embarrassment; a reminder that China's state-directed rush to modernise has involved cut corners, shoddy safety standards, and a staggering amount of corruption. That contradicted the official storyline, in which China has become the world's second-largest economy thanks to the Communist Party's wise guidance.
The article is a useful reminder that greed and corruption are present in all facets of life, including both the private and the public sector.
I wonder, has anyone remarked on the similarity of this train wreck to the train wreck in Atlas Shrugged? Not just the carnage, but the cause of the wreck?
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