Wednesday, January 13, 2010

A Little Advice to America from an Asian

Over the past several decades China has transformed into a controlled capitalist society. The citizens save a sizable portion of their salaries. The banks make funds available to entrepreneurs under strict rules. China punishes severely bankers and manufacturers who game the system. She controls the allocation and the deployment of the labor force. The workers are quick to strike, if they feel they have been wronged.
China has about 300 millions citizens in the coastal areas who enjoy a western standard of living. Another 900 millions functioning as peasants are gradually being absorbed into the modern economy. Their absorption provides the 8%+ growth rate in productivity the country accomplishes almost every year. The government has fashioned an export-led economic growth financed internally without the IMF or other larcenous sources.
When her export markets failed in 2008, China made quick and wise adjustments to regain stable growth. This demonstrates the dedication to the public good.
Dylan Ratigan has described the present US system as corporate communism. Similar to Stalin's USSR, the US system suffers a major decline into decadence, war and torture. Nobody needs me to describe that.
As a resident of Asia, I must advise Americans to withdraw from the continent ASAP.

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