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Socialism is defined as a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. Communism is a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. And Nazism is defined as the political principles of the National Socialist German Workers’ Party. Literally a regime of control.

True communism and socialism can’t sustain themselves if from human nature alone. The will to improve from the lower on the caste violates it’s principles. And Nazism was brutal and was it’s own executioner. That and Hitler got greedy.

So as long as China stays within themselves, and doesn’t try to push their weight around, they will survive. But they are really getting into economy problems now as scrambling to prop up the country’s growth and protect its near-universal employment, China’s leaders have embraced monetary and fiscal stimulus measures, causing the country’s outstanding debt to balloon to almost 250% of gross domestic product. That can’t continue as the vast majority of Beijing’s investment have been financed by debt, and China has used its control over the banking sector to shape the cost of capital and determine where and how fast it flows. We, here, have also been slow to understand the principles of a free market. Especially the elitist liberals. That’s why we exceed $20T thanks to a boost during the Obama administration who added $7.917 trillion, a 68 percent increase, in seven years which has pushed everyone into panic. China is heading the same way.

rwood