Communist Chinese Promises More Economic Freedom While Obama Plans More Regulations
Would the real communist please stand up:
China’s regime remains officially a communist government, but the country’s leaders long ago recognized that economic freedom is essential to economic growth.
According to the same USA Today report, Li’s remarks included details of a process of “opening state-dominated industries to private investment and making banks more market-oriented.”
In other words, China’s leaders have recognized, at least in some key economic sectors, that private enterprise is more efficient and productive than state enterprise.
Is Obama listening?
Li’s remarks coincide with President Obama’s month-late release of his 2015 federal budget proposal. It seeks $3.9 trillion worth of European-style spending, taxing and regulation.
Would you agree that China is becoming more like America, while America becomes more like China, economically speaking?
And do you see a day when China is more economically free than we are?
Duane Lester is co-founder of All American Blogger, and the primary writer. Following graduation, Duane entered the United States Navy as a journalist. He spent five years touring the world, reporting on local news and sports. Following his enlistment, Duane spent almost 10 years working with adjudicated youth in residential treatment environments. Duane discovered politics after September 11. He credits Erich "Mancow" Muller for opening his eyes to his conservative beliefs. Since then, Duane has devoured books and literature on politics, reading everything he can from Adam Smith to Larry Elder to Thomas Sowell. He refers to his style of politics as "conserva-tarian", a mixture of conservative and libertarian beliefs.