Dispatches from China

Chinese aren’t buying the ‘trickle down’ theory.

The economic meltdown, as viewed from China, looks like a slow-motion train wreck. Here are some local views on two issues that I have always found to be logically difficult.

I asked five people from different walks of life in China what they thought about the “trickle down” theory of economics. To a person, they thought it was a rationalization thought up by wealthy people as an excuse to ask for lower taxes.

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