Friday, December 09, 2011

Ferguson on Chinese banks

"Remember, they are not really banks in the sense we used to have them in this country. You know, private sector entities not dependent on the state. Chinese banks are now like banks in the west. Or rather, banks in the west are now like banks in China."

47.38 into this Chatham House lecture on his recent book Civilization: The West and the Rest. The wittiness of our time.