Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.
Wen JiabaoSocialism as I understand it is a system of democracy. Without democracy, there is no socialism.
Wen JiabaoIf in a country, most of the wealth is concentrated in the hands of the few, then this country can hardly witness harmony and stability.
Wen Jiabao