Everyone forgets that the USSR and Eastern Europe collapsed because of central planning. The same will happen to China.
Gosh, where have we heard that before?
Yeah, Red China does capitalism so well that almost 15% of their people benefit from it.
A more accurate assessment would be "Why China does House of Cards better than the US."
"Stimulus" propped up economies cannot last.
China’s recovery had nothing to do with stimulus. It was simply a matter of greater momentum going into the recession. When you’re growing at better than 10%, and the rest of the world hits a recession, you slow down to 5 or 6%, but that’s still not a recession.
“Why China Does Capitalism Better than the U.S.”
EASY - their leaders don’t HATE their country. Same with Russia.
China has problems, way too many government employees (all entities that receive a government check are non producers), and the tendency for government employees to become tribute parasites.
The Chinese Communists have been smart enough to drop enforcement of purist economic communism to pull off this growth, but it won't sustain in the long run, unless they throw EVERY communist principle and policy in the trash, along with nearly all the non producers.
Not likely a Marxist will give up power, our own DemoRats prove that everyday.
Doesn’t anybody find it disturbing that the liberal media is now trumpeting the virtues of Chinese state capitalism as the answer to all our woes?
The liberals say:
Hey, why shouldn’t the United States adopt the Chinese model, where your have Democratic Party apparatchiks make all the decisions from Washington, just like the Communist Party apparatchiks makes all the decisions from Beijing?
You can always take Chicom economic statistics to the bank. /s
China’s economy roars along at a steady clip
Ya sure does- and it’s all the $$ we pump into China that helps! Consumer goods, electronic piece parts, computer assembly work, fishing tackle.
AND we give lots of cash to China for other things, like helping them build clean coal plants, water projects, and civil infrastructure things.
And they respond by funding eco moonbats to shut our rare earth mines down here, as they corner the market in samarium and lanthanides.
Yes they are booming along- it’s our money doing it!
China has a very unique system for enforcing personal responsibility for mistakes made by anyone whom makes a wronf decsiion in their economy.
They shoot them in the back of the head and bill their family about $.35 cents US (artificially set rate)for the bullet.
Based on this program to assign and enforce responsibility about half of Goldman-Sachs and Fannie Mae decision makers as well as Congressmen like Franks and Dodd would be pushing up daisies today
These kind of ridiculous articles admiring “Chinese capitalism” drive me crazy. They are all from liberals who are forver finding fault with American capitalism’s “cruelty” and “greed” but have no problem with a society featuring:
NO unions.
NO environmental laws.
NO worker safety laws.
DEATH PENALTY for employee theft.
1) No minimum wage
2) No unions
3) No EPA
4) No welfare, Social security, Medicare, Medicaid, no entitlements period
5) No Marxists (compared to current American FedGov)
6) Endless stream of American money via exports
7) No eternal military presence all over the planet
8) No ethnic minorities (Wiggers and Tibetans don't count)
9) No election politics (handing out other people's money to buy votes)
10) No political correctness (100% in favor of Chinese dominance in all spheres)
China does not do capitalism.
China does fascism.
We unfortunately, do Neville Chamberlain.
The over riding cause of Chinese affluence is American capitalism. Chinese mass murder is not admirable.
If Newsweak sold for a dollar, what will Time bring?