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 ...
You know, it’s just amazing what you can accomplish with an unlimited supply of slave labor.
Rush has been talking about this for a good part of his show today.
“You know, it’s just amazing what you can accomplish with an unlimited supply of slave labor.”
And killing off 60+ million perceived enemies of the State seems to streamline the process also. /s
I was able to get out to my car for a few minutes..and heard a little bit from it. GOOD!!!!
How in the Sam Hill does a commie like Andy Stern get published in the WSJ??? We are living in bizarro world...
And they say their not communists.
No, no, nothing like that. We just happen to openly admire a totalitarian, utterly corrupt, and nakedly brutal communist dictatorship.
Who could ever make any assumptions about us based on that?
Chicom? Criipplecreek? Hello? Hello? Is anyone home?
9% unemployment? True figures are closer to 20!
Indeed. Who could forget that Anita Dunn, WH spokeshag, who admired Mao Tse Tung..or the Commie Chinese ornaments on their first WH Christmas tree? Naaaah.
Building infrastructure that they won’t need for 30 years is hardly efficient.
Maybe if Obama was leading their government? /s
Well, they have millions of people in slave labor “re-education camps.” Is that something Mr. Stern wishes we had?
China...where, when Bill Lumbergh says “Myeahhhh...I’m gonna need you to go ahead and come in on Saturday. And while you’re at it, I’m gonna need you to come in on Sunday, too. So if you could do that, that’d be greaaaaaat...” he’s holding a Type 54 to your head.
btrl
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