Understatement of 2008

Deregulating Insurance, China-Style - WSJ.com: "China is now celebrating 30 years of 'reform and opening up,' a policy that has often worked best when the private sector has been allowed to make its own decisions. It's not alone in stepping back from the free-market model in the face of economic crisis, but it risks stymieing its own progress by giving the central government too much input."

No kidding.