The problem is Soros said it in 1994. But what Soros said then (I just came across it now) echoes my own view that I published here, albeit he will probably be off by a couple of decades:
"I formed a hypothesis soon after the Tiananmen Square massacre that communism in China will be destroyed by a good old-fashioned capitalist crash. Five years have passed and my hypothesis is about to be tested."
Yep, a massive downturn in the Chinese economy will eventually compel change. What that change begets is, however, rather uncertain. It could be good, but it could be very, very ugly. Risk is not a one-sided coin.
