While the world’s largest economy (a.k.a. the United States) continues its descent into welfare statist, crony capitalist socialism … the world’s second largest economy (a.k.a. China) is headed in the opposite direction.
Ships passing in the night, if you will …
In a story that got very little attention from the mainstream media over the Memorial Day weekend, the new leader of the People’s Republic of China – a nation which holds a significant chunk of our national debt, it’s worth noting – issued a directive to his centralized banking system urging it to “promote the effective entry of private capital into finance, energy, railways, telecommunications and other spheres.”
In other words, the exact opposite of what America is doing.
Li Keqiang, who took over as Chinese premier earlier this year, says his people are anxiously awaiting the implementation of these market-based reforms.
Wow … the times, they are a-changing people.
As China continues the process of boldly shedding its command economic chains, the United States is becoming increasingly shackled (with Chinese lenders subsidizing the deficit spending necessary for American politicians to ramp up this economic enslavement).
Wonder how this is gonna end?
Don’t … this history has already been written.
***
24 comments
Care to opine to us what all of that market-based solutions is doing to the air and water in China? Let’s kill the EPA and get some of that great water and air quality!
Of course, we’re also ignoring that the Chinese government quite often “takes over” various enterprises, especially ones that have anything to do with journalism or other publications, once they become successful.
I think the intent here was to imply we should be moving in a similar direction, not necessarily in the exact same way. While we are honestly making a hellish economy even worse, they are promoting business expantion, something greatly needed here.
I do understand the “intent” but China is a piss poor example of showing how government should be letting the private industry run things. The Chinese government is doing what it thinks will produce it an industry that it will ultimately want to control, either directly via nationalization or takeover, or indirectly through bribes and corruption. To even suggest that private industry has grabbed the reigns of anything is severely short sighted.
What China -is- a good example of is when government stops doing its function in representing the people and instead makes its sole goal representing itself and the people who run the show. If anything, America is very quickly headed to that direction. We deregulate the shit out of the private market “because the free market can regulate itself” or “because it is burdening businesses” when in reality it is just a bunch of people, politicians and rich executives, working to improve profit margins and fuck over consumers. We punish whistleblowers and fail to prosecute criminals who help defraud people and commit other abuses.
Case in point: the USDA.
http://www.huffingtonpost.com/bruce-friedrich/usda-inspector-general-fo_b_3333853.html
At a South Carolina slaughterhouse, FSIS issued more than 800
violations, including fourteen for egregious violations like “fecal
contamination on a hog after the final trim,” almost 100 “for exposed or
possibly adulterated products that had ‘grease smears’ or ‘black
colored liquid substance’ on processed meat,” and 43 for “pest control
problems, such as cockroaches on the kill floor.” This plant was not
suspended even once.
And yet the USDA sees no problem that it reduced the number of inspectors in order to speed up production, not to mention that we now arrest people for videotaping inhumane treatment/killing of animals, even if they are videotaping it legally from the street. Part of this is that the free market doesn’t want to be bothered with making sure meat is sanitary or that animals don’t suffer horribly before their gruesome deaths, but it also goes beyond that into perversion of what the government should be doing (enforcing regulations to keep the above from happening) and making it do the exact opposite (loosening regulations and enforcement of regulations and prosecuting anyone who tries to expose the shit that’s going on). That is an incredibly good parallel with what happens in China, where officials and politicians are bribed by various businesses in order to get contracts.
The Chinese government allows all kinds of really sad things, like letting the tobacco industry flat out lie about smoking being just wonderful for your health, or letting cars be glorified tin cans that crumple entirely in a 40 MPH wreck, or putting lead or other toxins in all kinds of products and dumping all kinds of toxins into various waterways or burning it into the atmosphere. In some cases the government actually encourages this stuff, like it does with smoking, as the tobacco industry is a big industry in China, but ultimately they don’t give a shit what the repercussions are of their lack of action against such terrible things, and neither does its private industry.
There is no role reversal, we are not switching places with China, we are becoming China. Censorship, corruption, stripping of our rights, government focusing less on serving the people and more on serving those who are either in politics or tied to politicians, deregulation for the worse for the consumer… I often question what will America think when we witness our own version of the Tienanmen Square protests. We’ll probably have no fucking clue what they were 25 years later, just like the Chinese.
http://www.youtube.com/watch?v=hooL98OwlMM
Occupy Wall Street and the associated protests, tried to draw attention to the growing power of a political and economic elite, who are increasingly running the country for their personal benefit. The response here was essentially the same as China’s response to the Tiananmen Square protesters. The government shut down the protests, the political and economic elite of America applauded the dispersal of the protesters; American conservatives, like Chinese conservatives called the protesters derogatory names, like deadbeat, ingrates, perverts, filth etc. They had no problem suppressing free speech.
I guess they really should have all carried guns. Then the NRA would have defended their right to peacefully assemble.
It takes capitalism to create enough wealth to afford such regulations.
That’s a bullshit answer. Even if you assume that Chinese businesses, or the Chinese government, can’t afford to create regulations to fix half of the issues they have, the simple fact is that they don’t care. At all. Period. There is zero effort to improve anything.
Care to opine to us what all of that market-based solutions is doing to the air and water in China? Let’s kill the EPA and get some of that great water and air quality!
Of course, we’re also ignoring that the Chinese government quite often “takes over” various enterprises, especially ones that have anything to do with journalism or other publications, once they become successful.
Relinquishing this stuff to the private market isn’t inherently bad, but you’d be insane to suggest that this is because China’s turned a new leaf, or that the end result will be 100% good. The Chinese government has shown sufficient evidence that it couldn’t give two shits about its people and the politicians are inherently corrupt and take bribes, so this isn’t even free market. Not in the least bit. No, this will end poorly. This will crash and burn, and the ones who will die in the wreckage are the people whose internet is censored and whose air is poisoned and whose rivers can’t be swam in.
I think the intent here was to imply we should be moving in a similar direction, not necessarily in the exact same way. While we are honestly making a hellish economy even worse, they are promoting business expantion, something greatly needed here.
I do understand the “intent” but China is a piss poor example of showing how government should be letting the private industry run things. The Chinese government is doing what it thinks will produce it an industry that it will ultimately want to control, either directly via nationalization or takeover, or indirectly through bribes and corruption. To even suggest that private industry has grabbed the reigns of anything is severely short sighted.
What China -is- a good example of is when government stops doing its function in representing the people and instead makes its sole goal representing itself and the people who run the show. If anything, America is very quickly headed to that direction. We deregulate the shit out of the private market “because the free market can regulate itself” or “because it is burdening businesses” when in reality it is just a bunch of people, politicians and rich executives, working to improve profit margins and fuck over consumers. We punish whistleblowers and fail to prosecute criminals who help defraud people and commit other abuses.
Case in point: the USDA.
http://www.huffingtonpost.com/bruce-friedrich/usda-inspector-general-fo_b_3333853.html
At a South Carolina slaughterhouse, FSIS issued more than 800
violations, including fourteen for egregious violations like “fecal
contamination on a hog after the final trim,” almost 100 “for exposed or
possibly adulterated products that had ‘grease smears’ or ‘black
colored liquid substance’ on processed meat,” and 43 for “pest control
problems, such as cockroaches on the kill floor.” This plant was not
suspended even once.
And yet the USDA sees no problem that it reduced the number of inspectors in order to speed up production, not to mention that we now arrest people for videotaping inhumane treatment/killing of animals, even if they are videotaping it legally from the street. Part of this is that the free market doesn’t want to be bothered with making sure meat is sanitary or that animals don’t suffer horribly before their gruesome deaths, but it also goes beyond that into perversion of what the government should be doing (enforcing regulations to keep the above from happening) and making it do the exact opposite (loosening regulations and enforcement of regulations and prosecuting anyone who tries to expose the shit that’s going on). That is an incredibly good parallel with what happens in China, where officials and politicians are bribed by various businesses in order to get contracts.
The Chinese government allows all kinds of really sad things, like letting the tobacco industry flat out lie about smoking being just wonderful for your health, or letting cars be glorified tin cans that crumple entirely in a 40 MPH wreck, or putting lead or other toxins in all kinds of products and dumping all kinds of toxins into various waterways or burning it into the atmosphere. In some cases the government actually encourages this stuff, like it does with smoking, as the tobacco industry is a big industry in China, but ultimately they don’t give a shit what the repercussions are of their lack of action against such terrible things, and neither does its private industry.
There is no role reversal, we are not switching places with China, we are becoming China. Censorship, corruption, stripping of our rights, government focusing less on serving the people and more on serving those who are either in politics or tied to politicians, deregulation for the worse for the consumer… I often question what will America think when we witness our own version of the Tienanmen Square protests. We’ll probably have no fucking clue what they were 25 years later, just like the Chinese.
http://www.youtube.com/watch?v=hooL98OwlMM
Occupy Wall Street and the associated protests, tried to draw attention to the growing power of a political and economic elite, who are increasingly running the country for their personal benefit. The response here was essentially the same as China’s response to the Tiananmen Square protesters. The government shut down the protests, the political and economic elite of America applauded the dispersal of the protesters; American conservatives, like Chinese conservatives called the protesters derogatory names, like deadbeat, ingrates, perverts, filth etc. They had no problem suppressing free speech.
I guess they really should have all carried guns. Then the NRA would have defended their right to peacefully assemble.
It takes capitalism to create enough wealth to afford such regulations.
That’s a bullshit answer. Even if you assume that Chinese businesses, or the Chinese government, can’t afford to create regulations to fix half of the issues they have, the simple fact is that they don’t care. At all. Period. There is zero effort to improve anything.
Oh, you so work for me now, cracker!
Oh, you so work for me now, cracker!
Wow: FITS finally catching up on what I told his Stupid @$$ a year ago…
A real Genius…Bet you still believe Obama’s gonna fix it all… and he is no different from Romney????
With Dumb@$$#$ like FITS trying to pass themselves off as opinion-setters, is it any wonder we’re in the Freakin mess, Obama has us in???
Son, listen to me:http://m.youtube.com/watch?v=UObAOlb8tCk
Where are there more Communists: FITS followers or China???
Have any of you ever creeped on FITS Followrs FB pages?…A lot of Obama Drones and perverts LOVE FITS…
Yes, I have and they’re like a bunch of FLA. snakes…
You’re so clueless. China has a terrible system of crony capitalism and what they deem “State-Owned Enterprises” — think of Innovista on steroids.
You’re so clueless. China has a terrible system of crony capitalism and what they deem “State-Owned Enterprises” — think of Innovista on steroids.
If the author cannot fathom the innate differences in the two countries or acknowledge that a single direction is the only path for two countries with vastly different economic starting points – he’s simply lost in rhetoric.
And if the real estate bubble in the U.S. was bad – you just wait for China’s to blow. The vacancy rate is astronomical.
If the author cannot fathom the innate differences in the two countries or acknowledge that a single direction is the only path for two countries with vastly different economic starting points – he’s simply lost in rhetoric.
And if the real estate bubble in the U.S. was bad – you just wait for China’s to blow. The vacancy rate is astronomical.