A Ticking Time Bomb

before launching into  a diatribe about the political-social-environmental catastrophe that is china, heres a quick hk update.  it is humid - so wet and oppressive.  my knees are buckling under the pain due to this humidity.  but yet, it is not truly hot yet.  my friends, this time of year is when mold creeps into your flat and the locals tend to smell a bit like wet dog.  yes, i said it but there really just isnt another way to describe it because that is precisely the smell.

anyway, so i was in early today and having a read on my own interests versus those that are purely financial and namely insurance based (zzzzzzzzzzzz) and i logged into one of my faves, the ft.  there is an article found here:   

http://blogs.ft.com/the-a-list/2012/03/05/china-must-rethink-its-economic-model-to-calm-growing-social-unrest/#axzz1oIKeR0UE

about the social unrest in china.  excerpts from the article include:

• Far more worrisome for the political elite is the question of how to deal with rising social unrest.
• For all of China’s economic successes – which lifted some 600m out of poverty – income disparities nevertheless have ratcheted up with the gini coefficient now at 0.47 compared with around 0.25 in the mid-1980s.
• A key weakness of the process of economic liberalisation is its failure to provide the fiscal means for the authorities to limit inequalities that came with rapid growth. 
• Rather than strengthening its fiscal system, Beijing relies on its banks to fund much of the growing demand for infrastructure.

i dont know about you but as long as ive live here, people have discussed how the mainland is going to implode someday.  wondering when, not if, that day will come...