Professor Roderick MacFarquhar of Harvard, author of Mao's Last Revolution, the book that got me started on China, has written an op-ed article in the New York Times today. "Fear at the Top" is the title and MacFarquhar argues that aspects of the Bo Xilai scandal, money allegedly being moved abroad, children being educated abroad, both of which are common among China's elite, are manifestations of a lack of confidence in China's future. That is, the people who know best China's economy and the country's stability are "voting with their feet," in President Reagan's phrase, moving their most precious possessions out of China. I had not heard that take on this behavior before. Not good. Very interesting article by an eminent scholar. Here's the link: http://www.nytimes.com/2012/05/21/opinion/in-china-fear-at-the-top.html?_r=1&hpw
