Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

China's Superior Economic Model
Wall Street Journal ^ | 12/1/2011 | Andy Stern

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 ...


TOPICS: News/Current Events
KEYWORDS: andystern; chinaeconomy; chinastatecontrol; communism; economicmodel; seiu
Navigation: use the links below to view more comments.
first previous 1-2021-34 last
To: SueRae

You know, it’s just amazing what you can accomplish with an unlimited supply of slave labor.


21 posted on 12/01/2011 9:30:20 AM PST by Noumenon (The only 'NO' a liberal understands is the one that arrives at muzzle velocity.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SueRae
The Communist Party USA and the Nazi Party USA, CAIR, MoveOn, George Soros many subversive organizations support Communism in politics etc. and now Andy Stern of SEIU is calling for Communism here in America. It can't be said enough:

NO TO ANOTHER TERM FOR OBAMA AND HIS COMMUNIST ALLIES, MARXIST AND SOCIALIST ALLIES - CLEAN OUT OUR CONGRESS OF COMMUNIST SYMPATHIZERS - 95% OF THEM TAKE MONEY FROM SOROS...NO, NO, NO, TO THE LOT!

22 posted on 12/01/2011 10:25:52 AM PST by yoe
[ Post Reply | Private Reply | To 1 | View Replies]

To: SueRae

Rush has been talking about this for a good part of his show today.


23 posted on 12/01/2011 10:51:45 AM PST by Arrowhead1952 (Dear God, thanks for the rain, but please let it rain more in Texas. Amen.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Noumenon

“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


24 posted on 12/01/2011 12:10:54 PM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Arrowhead1952

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...


25 posted on 12/01/2011 12:14:22 PM PST by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
[ Post Reply | Private Reply | To 23 | View Replies]

To: SueRae

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?


26 posted on 12/01/2011 12:59:39 PM PST by mojito
[ Post Reply | Private Reply | To 1 | View Replies]

To: KC_Lion; cripplecreek

Chicom? Criipplecreek? Hello? Hello? Is anyone home?


27 posted on 12/01/2011 2:12:39 PM PST by Paperdoll (on the cutting edge)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Paperdoll
We're sorry the Poster have been trying to contact has been shipped off to stand trail against The Supreme Soviet Van Jones State, or has fled back to Israel and will one day return to liberate this country, please hang up and try again.
28 posted on 12/01/2011 2:41:09 PM PST by KC_Lion (I will NEVER vote for Romney! The GOP will go the way of the Whigs if they nominate him.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: SubMareener

9% unemployment? True figures are closer to 20!


29 posted on 12/01/2011 5:18:17 PM PST by Tucker39
[ Post Reply | Private Reply | To 3 | View Replies]

To: mojito

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.


30 posted on 12/01/2011 5:22:58 PM PST by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
[ Post Reply | Private Reply | To 26 | View Replies]

To: SueRae

Building infrastructure that they won’t need for 30 years is hardly efficient.

Maybe if Obama was leading their government? /s


31 posted on 12/01/2011 5:37:48 PM PST by <1/1,000,000th%
[ Post Reply | Private Reply | To 1 | View Replies]

To: SueRae

Well, they have millions of people in slave labor “re-education camps.” Is that something Mr. Stern wishes we had?


32 posted on 12/01/2011 5:45:07 PM PST by AmericanVictory (Should we be more like them or they more like we used to be?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SueRae

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.


33 posted on 12/01/2011 5:50:24 PM PST by RichInOC (Palin 2012: The Perfect Storm.)
[ Post Reply | Private Reply | To 1 | View Replies]

btrl


34 posted on 12/10/2011 6:42:21 PM PST by Clinging Bitterly (We need to limit political office holders to two terms. One in office, and one in prison.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-34 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson