The world has learned since 2008 how dangerously financial expectations can interact with policy blunders, turning modest economic problems into major catastrophes, first in the US and then in the eurozone. It would be ironic if China’s Communist leaders turned out to have a better understanding of capitalism’s reflexive interactions among finance, the real economy, and government than Western devotees of free markets.
2008年以来，世界已经领教了金融预期与政策错误的互动是多么危险，这可能将不大的经济问题转变为巨大的灾难，美国和欧元区先后“中招”。如果中国的共产党领导人对金融、实体经济和政府之间的资本主义反身性互动的理解比西方自由市场信徒还要优秀，这将颇为讽刺。