Dan Seitz

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In 2005–2006 the Chinese military formulated a major technological modernization program.41 But this was merely a recognition of how far China lagged behind. The army was oversized and underpowered in technological terms. A society entering into mass affluence as rapidly as China was doing does not offer a congenial habitat for the underpaid profession of soldiering.
Crashed: How a Decade of Financial Crises Changed the World
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