Is Us A Market Economy Or China Is A Market Economy ? Bailing Out ?
Posted by China Sourcing CommentatorAug 8
Almost $10,000 billions have spent by the power of state to bail out wall street. Detroit industry. that’s more like a Socialist economy in China.
What you say ?
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See Hexcopy, you might be great at looking at things which show US in poor light, but surely you are a myopic when it comes to seeing the bigger picture.
First thing first, US is a Market Economy that has taken a temporary break for correcting the anamolies in the market. China is theoretically a socialist economy, but has abandoned all the traits of a socialist state in order to accommodate its greed for a bigger pie of world trade. China has no regard for its poor farmers and contract labors, nor does it have any regard for the life of innocent newborns as the recent melamine episode has shown.
Take my word, China’s economy is export oriented and if US does not intervene in its market, they will stop importing the cheap products that China is producing on a mass scale without any regard to quality. And once that happens, the dragon will stop dancing. Chinese economy will fall like anything and you will not be in any position to compare the two economies anymore.
Do you get my point Hexcopy?
Dear copycat,
It is true that the US market economy seems like a socialist economy at the moment. Its every governments job to look after its economy so that its people can have works, money coming in and that everything runs smoothing.
However your missing some facts, even the Chinese have invested money in there own market economy so help bail it out. However there is some main different between the US and China. In the US the people can vote for who they want to run the country, they can opt for a government that has social polities, even if they do chose a socialist like government it will be democratic because it was chosen by the people. However in Chinese its a case of rou have to put up with what they say.
Regards, Most annoyingly Mr. Hex Vision.
Great answer First X
And US is not the only one offering the bailout package. All the economies irrespective of their political economy are working out on one package after the next. Probably you missed the news items about China’s bailout package.http://www.telegraph.co.uk/finance/34149…
The U.S. has been a socialist nation for decades, given Social Security, 15% FICA taxes taken from your paycheck, Medicare, Medicaid, etc. U.S. economy is manipulated, with phony government statistics and the endless printing of fiat paper money.
Yes the Americans should trade their pictures of Jesus to the Chinese for their pictures of Marx, Lenin, Stalin, Mao, and Deng.
yes
where all the money go ?
Both.