When asked by a reporter why he robbed banks, convicted bank robber Willie Sutton famously replied, "because that’s where the money is." While Sutton later denied making the remark, it was such a fabulously duh response to a dumb question that the medical profession later adopted "Sutton's Law" to describe the principle of "going straight to the most likely diagnosis."
So, what has this got to do with China? Well, in a recent Financial Times article, we learn that the All China Federation of Trade Unions (ACFTU), fresh from its disastrous showing at the Honda strike (where its minions were videotaped beating up striking ACFTU members), has turned its attention to foreign-owned investment banks.
China's workers burst into the world headlines again recently (see here, here, here, and here, for example)—taking to the streets to protest wages and working conditions, and exciting speculation about the possible political, social, and economic implications. Strikes and protests by Chinese workers are increasingly common. The Economist, citing an official Chinese publication, reported that "labor disputes in Guangdong in the first quarter of 2009 had risen by nearly 42 percent over the same period in 2008...." (These are government numbers, so the real numbers are likely to be even higher.)