Economic eggheads in the ChiCom regime are worried that dictator Xi Jinping’s “Fuck you, I know what I’m doing here” philosophy of governing makes him increasingly ill-equipped to deal with a metastasizing crisis in the country’s financial system, with bureaucrats who can do something about it paralyzed by the big Pooh Bear’s fecklessness and indecision, the Wall Street Journal reports.
Worse, the middle management of the ChiCom party have a pretty good idea of who’s going to end up taking the blame when shit gets extra real. “The centralization of China’s political system has weakened the credibility of anyone not named Xi Jinping in delivering confidence-building messages that the leadership intends to change course,” says DC thank tank egghead Logan Wright.
A series of meetings in June of the top policy poindexters in the housing and finance sectors ended on a glum note, with a source telling the Journal they could “feel the anxiety in the room. The consensus among the experts invited was that the government must act forcefully to stimulate growth,” and then like that nothing happened, because Xi is so much smarter and handsomer than the so-called “experts” who think they know more about economy stuff than him.