"How do you have a democratic empire, how do you have an imperial foreign policy built on a democracy polity. It's like some sort of strange mythical beast that's part lion, part dragon. You know at the bottom is a democracy, and then it's an imperial power around the world."

Previous Quote

There is the fact that - people have had a lot of confidence that the Chinese leadership could fix what is wrong with their economy so it wouldn't have ripple effects around the world. I think that confidence is being shaken by how difficult it is for them to manage their stock market and their currency.

— David Wessel