Commentary Much of the financial world is abuzz about Chinese property giant Evergrande’s failure to meet its massive debt obligations and the impact it may have on China’s economy and international markets. That certainly matters, and my sense is the shock is likely to be significant and the impact unlikely to be brief. As the world waits to see whether the Chinese Communist Party (CCP) considers Evergrande to be “too big to fail,” this moment should serve as a broader warning about false assumptions and the cost of reckoning when reality can no longer be suspended. So many worthy questions come from this. If Evergrande is too big to fail, is the CCP also too big to fail? Or, if Evergrande is allowed to fail, is it part of a broader CCP regime plan to divorce itself and insulate the rest of the country from the world’s largest construction and …