charlie weis liberalize means? -- charlie: liberalize means?rates, currency, and flows in and out of the country. move and flowsn can come in and out, they are struggling right now with doing that in a smooth fashion. what happens is, you're getting these moments where you are saying, we will liberalize, but then you intervene. the stock market intervention we saw over the last few months is a perfect example -- to your point earlier, it creates -- it hurts the confidence of the domestics. : japan in the 1980's, was in the same position. the problem is coming to take an economy like japan in the postwar, or china, you build it up where you have intense control, all of the money in the economy directed towards industry, and bureaucrats control that and run it effectively. the problem today, like japan and the 1980's, is that when an economy outgrows that kind of model, moving to a brave new world market-driven finance is hard. they should have started this several years ago and had a gradual transition. by delaying reforms, unfortunately, china,