Reform Watch: North Korea can now afford to bury its orphans in Snoopy T-shirts
As a vibrant market economy arises from an underdeveloped one, it does not lift all boats as a rising tide would. Some get very rich fast, and some stay very poor. Such periods of rapid development are politically risky times, as uneducated masses are drawn away from their hardscrabble farm lives and packed into factory dormitories, slums, and shanty towns in the cities. Those places become hothouses of envy and radicalism that can bring down the political systems in which...