based on citizens' distrust of our institutions, apparently well deserved, regarding both large business and government . . .
Whachoo think?
Nets under bridges . . .
Whachoo think?
Nets under bridges . . .
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The economic decline of the US was easily preventable. All that was needed was more protectionist laws and tariffs, and we would still be the number one economy by far. Free trade and foreign takeovers gutted the economy, and is still gutting what remains. Americans are a bunch of saps.Originally posted by hoot1:
Here's a pretty good discussion on state capitalism which in part states,
For example, in state capitalists, governments influence bank lending, or outright own large and important segments of the economy. Their policymakers are more willing to guide the economy through bureaucratic fiat. All of these elements of state capitalism might sound just plain dangerous to many in the West. But the fact is that the failings of the advanced economies and the continued strength in emerging markets has made it much more difficult to claim free markets trump state capitalism.
Here's how Ian Bremmer, president of consulting firm Eurasia Group explained matters last year:
" It's now a G20 world, in which China, Russia, Saudi Arabia, and other state-centric players wield growing influence. When leaders of free-market democracies diagnose the global meltdown, they now face the skeptical smiles of those who believe that the free market has failed and that the state should play the leading role in guiding national economies The financial crisis and market meltdowns in America and Europe have given state capitalism a big boost. In part, that's because Western economies are still struggling to their feet while China is again off to the races. It's now much harder for Westerners to champion a free-market system and easier for China and Russia to argue that only governments can save economies on the brink."
All of the Asian countries are protectionist. Tell that to them.Originally posted by Rockport Zebra:
Protectionism is a policy for the English past. The sooner the world creates a balanced middle class the better.
This post was edited on 12/8 10:16 PM by Rockport Zebra