Is Us A Market Economy Or Is China Is A Market Economy?
Posted by China Sourcing CommentatorAug 5
Almost $10,000 billions have spent by the power of state to bail out wall street. Detroit industry by the US, that’s more like a Socialist economy in China.
What you say ?
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No. Both have market elements, but both are structured and regulated to protect the rich from competition – and rebellion.http://www.mutualist.org/id4.html
Hello Chinese troll, so you are here as well?
Listen, US is a Market Economy that has chosen government intervention in Market for market correction. This is a temporary phase and will pass. If US does no such thing, the economy will go down the drain, consumption will fall down, and your country being a export oriented economy will surely suffer. Who will take your cheap and poor quality products?
Coming to Chinese economy, you cannot say that Hu Jintao has not declared any bailout package. You people have infused money in domestic market as well as abroad. Hu knows the consequence of American Economy going down. Unemployment in China will rise like anything. With all that infrastructure development and all he is trying to infuse money in the economy, trying to protect it.
To sum up China’s economy is an opportunist economy. US has been the birthplace of Market Economy, and these temporary problems will go away, it will remain that way.
I suggest you take a reading of the TKeynesian economics presented in The General Theory of Employment, Interest and Money.
Edit:
Hey, I came across a great post that relates with you. Have a look. http://answers.yahoo.com/question/index;…
Enjoying the party? How much have you made today?
all hail the new super power, you know staying out of wars and selling things to the world could have worked for America, its working for China nicely
yes china is a free market the usa is a subsidized state where the incompetant are rewarded with bail outs, maybe another war is the answer?
Aren’t they one in the same? What we have is a global economy, what most of the world calls Globalization is in-fact neoliberalism at least outside of America this is well known.
Yes, the US is a market economy
america is broke has been broke since 1971
both.