Keeping Markets Honest
A basic free market principle is that when consumers cannot differentiate between risky products and good products, they?ll withdraw from the market. That's what sub-prime mortgage investors are doing now.
A basic free market principle is that when consumers cannot differentiate between risky products and good products, they'll withdraw from the market, which is what's happening to China's consumer exports. China's responsible exporters are suffering because irresponsible ones have cut corners to make fatter profits, and global consumers can't tell the difference. So the challenge for China is to rein in its rip-roaring free-market capitalists with ... Full Story »
Posted by Kaizar Campwala
