Monday, January 30, 2012
There is no such thing as state socialism.
Q According to Wikipedia, China is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world. It's unemployment is at 4.2%. China is the largest creditor nation in the world and owns approximately 20.8% of all foreign-owned US Treasury securities. China could become the world's largest economy (by nominal GDP) sometime as early as 2020. The Economist has said "China’s ability to make huge strategic investments, even to the point of creating entire new industries, puts private companies at a severe disadvantage". I'm talking pure economy. No civil rights issues. Just purely economic merit. A There is no such thing as state socialism. In china capitalism is perhaps less shackled than in many areas of the USA. china is also undeveloped. they don't pay as many useless union people so called professors and so called lawyers and thus have more real production , if the usa let amrkets be free they would auto adjust to this and all would be waelthier . Remember the producers in usa must carry all the lecch union types and high paid unproductive politician n laywrs and welfare money is sucked from producers too at high rates. all tax paid school is useless leech that should be privatized and then let them sell thier sueless teacher servies to the public lol