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Monday, January 17, 2011

China, The New World Power

China is without a doubt a repressive fascist state, but one with a great concept when it comes to economics. Not long ago I was talking with my doctor, who is from Taiwan and asked him how the economy was doing there. He informed me that things were going downhill as all the industry was moving to the Chinese mainland where the taxes were low or nonexistent and the restrictions on business were more agreeable to industrial expansion. Seems the Chinese have adopted the old American model for successful business while we on the other hand have moved toward more government control and regulation of business and industry. If they continue on their present path and we on ours, then it is only a matter of time before they before the great world power while we take a back seat on the world stage---not good for democracy and individual freedom.

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