Terence Corcoran: China’s most dangerous export is anti-market ideology. And we’re buying it | Financial Post

While trolling through the television-news wasteland on Monday night in search of meaningful content, I turned — as I often do — to Canada’s Business News Network. Since Bell Media’s BNN merged with Bloomberg’s Canadian business channel earlier this year, BNN’s revamped evening program schedule now provides Canadians with mind-blowing new perspectives on global business and economic developments. Beginning at 9 p.m., the network plugs into Bloomberg’s Asia-market programming live from Hong Kong, where the hyperactive and IPO-crazy Asia stock exchanges (from Shanghai to Jakarta, Singapore, Bombay and beyond) make North America look like a sleepy backwater.But on Monday, instead of market news and commentary, BNN/Bloomberg did something no major Canadian network has done before. Non-stop and commercial-free through 85 minutes of prime time, BNN carried the live feed of Chinese President Xi Jinping’s speech marking the 40th anniversary of China’s 1978 “Reform and Opening” policy shift.Eighty-five minutes is a long time to spend on a political leader who delivers messages with all the charisma of a novice radio announcer reading a script he’d never seen before. But there was much to learn from Xi’s speech to 10,000 Communist Party members and observers crammed in disciplined rows into Beijing’s Great Hall of the People.

Source: Terence Corcoran: China’s most dangerous export is anti-market ideology. And we’re buying it | Financial Post