by Duane Lester | March 5, 2014 8:43 pm
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?
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