The Chinese Goverment maintains its reserves in long term US T-bonds, so their paper profits are incalculable. Billions, Trillions, Zillions of US dollars. Those Communists have more alpha than all capitalist money managers together. What only confirms the correctness of Marx's Capital and Mao's Red Book. If not so, how can one explain their astonishing understanding of the capitalist system?
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We lived near the Chinese Embassy when I was young, in some Central African country.
Boldly, I knocked on the front door, and introduced myself, hoping, I suppose, to alter the course of world events, or something.
I was greeted by some impeccably polite but inscrutable functionary who handed me a copy of the Little Red Book.
I think I got part of the way through page one, before the excitement was all too much for me.
Anon.
Ha. When I was a child in Buenos Aires, I wrote for some free literature to the Chinese and they sent me the complete works of Chairman Mao in Spanish, in very nice paper and with the medallion of Mao in red in the cover. I burned all my library after Peron's return to power. I did read everything and was impressed. Mao, when the Nationalists made black propaganda against the Communist, wrote that the disinformation was good for the revolution. "The blacker they paint us, the better people understands that our differences are absolute and will turn to us when lose faith in our enemies." Or something like that.
One of the paradoxes that young intellectuals confront quite early on in their quest for truth is that despite all their sanctimonious outpourings about internationalism, the Chinese and Russian Communist Parties were not quite the same thing and shockingly, did not get along with each other.
From there, it was one short step to Ayn Rand, I'm afraid.
Anon.
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