HOW did Barack Obama beat Mitt Romney?
SHALLOW ANSWER: Obama’s talking points were more astute, his ads better, his campaign better organized. Democrats raised & spent more money than the Republicans.
REAL ANSWER:
Tea & Starbucks in the Forbidden City
I just came back from China, where a cup of green tea *normally* costs about 25 cents. That’s the price at a typical street vendor.
But at the world-famous Forbidden City in Beijing, crawling with gringo tourists, a cup of green tea costs $4.00.
Why does it cost 16X as much in the Forbidden City as it costs 3 blocks away?