Posted on 12/01/2011 7:18:48 AM PST by SueRae
Andy Grove, the founder and chairman of Intel, provocatively wrote in Businessweek last year that, "Our fundamental economic beliefs, which we have elevated from a conviction based on observation to an unquestioned truism, is that the free market is the best of all economic systems—the freer the better. Our generation has seen the decisive victory of free-market principles over planned economies. So we stick with this belief largely oblivious to emerging evidence that while free markets beat planned economies, there may be room for a modification that is even better."
The past few weeks have proven Mr. Grove's point, as our relations with China, and that country's impact on America's future, came to the forefront of American politics. Our inert Senate, while preparing for the super committee to fail, crossed the normally insurmountable political divide to pass legislation to address China's currency manipulation. Secretary of State Hillary Clinton, former Gov. Mitt Romney and President Barack Obama all weighed in with their views—ranging from warnings that China must "end unfair discrimination" (Mrs. Clinton) to complaints that the U.S. has "been played like a fiddle" (Mr. Romney) and that China needs to stop "gaming" the international system (Mr. Obama).
As this was happening, I was part of a U.S.-China dialogue—a trip organized by the China-United States Exchange Foundation and the Center for American Progress—with high-ranking Chinese government officials, both past and present. For me, the tension resulting from the chorus of American criticism paled in significance compared to reading the emerging outline of China's 12th five-year plan. The aims: a 7% annual economic growth rate; a $640 billion investment in renewable energy; construction of six million homes; and expanding next-generation IT, clean-energy vehicles, biotechnology, high-end manufacturing and environmental protection—all while promoting social equity and rural development.
(Excerpt) Read more at online.wsj.com ...
Wall Street Journal? Andy Stern of the SEIU?, 0bama buddy.. Talking up China's economics.
I don't think China has an equivalent to the SEIU..
Economically, China is pretty much National Socialist.
Is Mr. Stern a facist?
0bama central planning skills have brought us: Solyndra bankrupcy, Fast and Furious Gunwalking, 9% unemployment, .... Yea! Please, can we have some more!
Uh, yeah. How's THAT working out for the average Chinese peasant?
Right! Planned economies work so well. The Chevy Volt is a great car. We will make 2,000,000 next year and you WILL buy one.
Short answer, Yes! But if that fails, he would take Marxist Stalinism.
“The aims: a 7% annual economic growth rate; a $640 billion investment in renewable energy; construction of six million homes; and expanding next-generation IT, clean-energy vehicles, biotechnology, high-end manufacturing and environmental protection—all while promoting social equity and rural development.”
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Bull.
That is just window-dressing to appease the weasels infesting governments in the West.
The Chinese aren’t going to pursue the environmental and social equity crap, because they don’t have to. They are not plagued with an EPA, an Energy Department, an ACLU, or the human scum of trial lawyers.
He is an advocate of unions, so he is by definition.
Didn’t we hear the same song in the 1980s? Then, of course, was about Japan.
“I don’t think China has an equivalent to the SEIU..”
The first thing Communist do is to force break up of unions.
He China Model will not work. In Fifty Years, they will look like Russia. Open Corruption to the hilt.
But it does call for a Treasonous Commie Andy Stern Ping.
Democrats have always been for slavery, they were in the 1850's and they are today, Debt Slaves to China, have the Chinese Slaves work in Apple IPad Factories to prop up the Evil Chicom Politburo. One day, Small mind Andy, you and your Chicom Masters will get your comeuppance!!
Note the demand side of china’s economy is partly controlled by that one-child policy.
Also, since the trigger for the current economic woes here was the housing bubble, that should onlydemonstrate that capitalism and socialism don’t mix, not that capitalism failed.
The existence of derivates did not cause anyone to default on their mortgage.
Thanks KC.
Not exactly a Beck ping but it is a Beck target.
Is Mr. Stern a facist?
Where have you been? Better go review the archives at Glenn Beck show (Fox News) available on youtube or The Right Scoop website that investigated Andy Stern or you can check out Trevor Loudon at NewZeal Blog.
They are good for everyone else.
If you have ever read about central planning in the Soviet Union and how it worked in practice, you would flee from it by the fastest available means. When the planners scheduled the cement delivery, the project had better be ready for it, or it ended up on the ground. Etc.......
China’s “superior” economic model is about to pop..... =.=
YEP....they (Russia)also were rewarded based on the linear feet of glass windows produced....so what happened? Windows (if they made it to the site unbroken) didn’t last very long...I read a book in the late 1970’s by an American journalist who had been there 5-10 years...it was fascinating. Wish I could figure out the title and find it again.
I am reminded of the gullible Americans who flocked to the USSR in the 1930’s and came back extolling the wonders of Stalin’s “worker’s paradise.”
You have to give Murdock credit for allowing Soro’s operative (and huge Obama funder in 2008) a platform in his WSJ from which to promote Chinese crony state totalitarian fascism featuring top-down multi-year planning imposed by an all-powerful political elite. This is the form of government which Stern, Soros and Obama are “nudging” the US towards with every sneaky Cloward-Piven/Alinsky opportunity available!
The China that Stern describes and invites the US to emulate is as imaginary as Stalin’s Potemkin villages! The Chinese are currently suffering their own gigantic property bubble collapse and just barely containing social unrest caused by Chinese government misallocatio of pricing signals from the market and totalitarian suppression of constructive feedback (dissent) from the citizens. Zombie cites have been built, but stand empty...but Stern doesn’t mention that!
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