A Tangled Web

NORTH KOREA IN ECONOMIC RUINS.



I know that some readers have been discussing North Korea with me so I thought you might find this article by Peter Zhang interesting.



Key excerpts....



"Reports clearly show that North Korea's economy is in ruins and the only thing preventing a complete social and political collapse is the army, which in turn is mainly maintained through foreign subsidies, most of which are intended for the civilian population. That these subsidies had been significantly reduced must have had a bearing on his decision to try and inflate his way out of his economic dilemma. "



"With the population starving, industrial production virtually at a halt and supplies to the armed forces being cut back his position is becoming increasingly precarious. What is a Cognac-loving dictator to do in these circumstances?"



Read the rest - an interesting insight - looks like economic reality may destroy this tyranny.