Thomas Orlik > Quotes

“Adam Smith—the father of classical economics—wrote that “the great extent of the Empire of China [and] the vast multitude of its inhabitants . . . render the home market of that country of so great extent, as to be alone sufficient to support very great manufactures.”
― Thomas Orlik, China: The Bubble that Never Pops

“Call it “Sinophrenia”: the simultaneous belief that China is about to collapse and about to take over the world.”
― Thomas Orlik, China: The Bubble That Never Pops

“In so far as millionaires find their satisfaction in building mighty mansions to contain their bodies when alive and pyramids to shelter them after death,”
― Thomas Orlik, China: The Bubble that Never Pops

“The earlier adventures of Japan, South Korea, and Taiwan provided a ready-to-go blueprint for how to manage the process. Just as China didn’t have to reinvent the wheel on technology—instead copying what already existed in more advanced economies—so also they didn’t have to reinvent the model of a developmental state, instead copying what had already worked so well for their East Asian neighbors.”
― Thomas Orlik, China: The Bubble That Never Pops