Up until the Evergrande Group began stiffing creditors, Xi Jinping had it made. But being a communist dictator is serious business. And when the Ponzi finance structure underlying your country’s second largest property developer begins cascading down it’s no laughing matter.
One of the gravest moments for any communist dictator is when his nation’s fortunes deviate from the course of the five year plans put in place to rule over it. Playing god to 1.4 billion people only halfway works, so long as the people’s reality somewhat parallels the official communist party line. Otherwise, force and fear are required to maintain the lies.
“A man’s heart deviseth his way: but the Lord directeth his steps,” noted King Solomon (Proverbs 16:9). The good Lord, in heaven above and on the earth beneath, has a keen sense of humor; particularly, when serving up a slice of humble pie.
Xi Jinping, through