Politics
Out of context: Reply #13556
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- ukit0
Reading the news you'd think there's a serious economic debate going on between the right and the left. With Republicans screaming that Obama is a radical Socialist Keynesian and that these kinds of policies are doomed to failure etc etc
But in reality its an argument between two pretty similar ideologies. The truth is in America, everyone, even the left, agrees that free market economics is the way to go. The left doesn't argue that Socialism is bad, they just insist it's not what they're doing.
Then you read something like this:
http://www.miamiherald.com/2010/…
Chinese growth for 2010 at 10.5 percent
Brazil - 7.5 percent
U.S. - 2.6 percentObviously it's not really news that China and Brazil are kicking our asses. But seems like no one ever considers the fact that China and Brazil are not only (by Tea Party definition anyway) "Socialist" but far to the left of any politician that could even run for office in the US.
Everytime you hear about China the media talks about how much they have liberalized, but in reality the PRC Party has created state-owned businesses that dominate almost every sector of the economy, and they are moving even more in that direction. It's not really accurate to say they are moving towards our model of economics, more that they are creating an alternative to it.
Brazil is not as extreme but still, the government owns and directly controls large parts of the oil industry, mining, banking, insurance, etc. The largest corporation in South America, Petrobras, is government controlled. And of course Brazil spends heavily on social services, has universal health care and in some ways more generous workers rights than the US.
So given that a) Socialism never works b) far left economics always ruin a country's economy, how is this even possible? I mean forget about whatever advantages they have, you'd think these Socialist Communist Marxists (accurate descriptive terms in this case) would have run their countries into the ground. Instead they're booming.
It's very troubling but as an American my faith in free market Capitalism remains strong...
- no minimum wage helps allow cheap exports. but that can be taken as freemarket or slavelabor********
- and slave labor i mean more socialist slave labor where a small percentage must work for collective********
- both im sure generally speaking********
- You're like another Christine O'Donnell other there:) Both Brazil and China have a minimum wage.ukit
- no minimum wage helps allow cheap exports. but that can be taken as freemarket or slavelabor