China’s Third Plenary says “Market Reform”

Posted by Black Swan Capital

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black swan

black swan…depends on your definition of reform I guess.

“The political object is the goal, war is the means of reaching it, and the means can never be considered in isolation from their purposes.” Carl von Clausewitz 

It is interesting watching the PR machine inside and the dupes in the financial press outside of China spin the Third Plenary Session.  “Gee, it is momentous market reform and the markets are reacting positively to this great news,” seems the spin.   

This is an example of what I am talking about, from

“Many contend that the reform path of ‘comprehensively deepening reform’ identified during the Third Plenum, which constitutes a continuation of the spirit of reform that dates back to the 1980s, will strengthen China’s market economy system, transcend economic reform, and promote the overall development of China’s future.”

Say what? 

It seems the primary goal was… 

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