A few days ago everyone talked about China 's stock market collapse. " Xi Jinping has run into the one thing in China he can't control ", wrote news website Quartz , implying that the all-powerful Communist Party finally had to acknowledge that it couldn't rein in the "free market". No sooner had the Chinese government stepped in to save the stock market than Western media dismissed Beijing's policies, predicting they would not work. " China markets plunge as government measures fail ", wrote Yahoo News . These are only two examples of what the South China Morning Post called "Western media's callous delight at China's stock market crash ". According to The Telegraph , China's stock market crash would cause a "more worrying financial crisis " than the one happening in Greece. But, as has often been the case over the past four decades, the West's neoliberal-minded analysts have failed to understand