Problems in China

This discussion suggests that not everything is rosy in China. There are often reports of the number of scientists and math geniuses being produced by the Chinese educational system but apparently many of them can't find any jobs. I think China is headed for a fall. Their centrally planned economy is not all its cracked up to be. Artificially increasing the number of college graduates without regard to the market demand for them is an example of this. It's also a warning for us where politicians like Obama spouts out cliches about needing to increase the number of college graduates. College is not a magic cure-all anywhere. There are definitely other ways to gain marketable skills.