Capitalist Papers 1 - Random Reflections on the Decline of Capitalism

This quote from the Wall Street Journal of 2008, April 3:
   

"BEIJING -- China's business establishment poses a bigger obstacle to the country's financial-sector reform agenda than the global market upheaval, U.S. Treasury Secretary Henry Paulson said Thursday.

Mr. Paulson also called on the Chinese government to ease access to clean technology and confront the "daunting" task of improving energy consumption and the environment. 

I think that reform never moves in a straight line, and I think the biggest threat to more reform in China is the strong domestic industry that doesn't want competition," Mr. Paulson told reporters traveling with him on a two-day trip to Beijing."
        "Paulson Says Chinese Big Business Threatens Reform Agenda"

My first reaction was to conclude that Secretary Paulson had redefined the lower depths of chutzpah.  My more charitable side allowed that he must have been suffering from jet lag, and thought he was still in New York.