economy All the experts agree: the 21st century belongs to China. GivenAmerica's looming insolvency and the possibility of the collapse ofthe U.S. dollar, who can doubt that China is poised to take overthe role of economic superpower? Written by political economist andleading financial journalist James Gorrie, this book offers ahighly controversial, contrarian view of contemporary China.Drawing upon a wealth of historical and up-to-the-minute data,Gorrie makes a strong case that China, itself, is on the verge ofan economic crisis of epic proportions. He explains how, caught ina recurrent boom/bust cycle that has played itself out severaltimes over the past sixty years, China is again approaching totaleconomic and social collapse. But with one important differencethis time: they may very well take the entire global economy downwith them.Explores the Chinese communist party's unfortunate history ofmaking costly and very bloody mistakes on an enormous scaleOne-by-one Gorrie analyzes those critical mistakes and explainshow they may lead to economic collapse in China and globaldepressionDescribes Chinese "cannibal capitalism," and where its massiveabuse of the country's environment, people, and arable lands isleading that country and the world economyChronicles China's history of recurring economic crisis andexplains why all the evidence suggests that history is about torepeat itself

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