Zombies Stalking China

A previous post mentioned a fear of China falling into a generation long great recession and today's The Zombie Factories that Stalk China's Economy   proves it.  Paul Krugman's Keynesian remedies will prolong not relieve in this case, but China is so authoritarian they are not likely to think of any other path such as letting state owned factories fail and a free business press report free market clearing prices, Lilian Tett's observation in today's MSNBC Squawk Box, and guide the economy toward viable businesses.