Howard Rich's Blog

March 11, 2009

Trading Places

Filed under: Uncategorized — howierich @ 9:36 pm
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By Howie Rich

For years, the Communist Chinese have been the butt of American jokes for their Maoist principles and centralized government planning.

They’ve also received scathing international criticism for their at times brutal suppression of human rights – and deservedly so.

But in the years since Tiananmen Square, China has moved steadily towards a market-based economic system while America has racked up increasingly large deficits for centralized, socialist spending – with a growing percentage of our accumulating public debt held by Chinese creditors.

Also, China has taken steps to improve its human rights record in recent years, while American liberties have gradually eroded under the weight of an ever-expanding federal government.

Trading Places

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