no....
Et tu, Brute?
the only relevant truth is, unless and until the chinese embrace true capitalism by respecting human rights and property rights (as grace correctly pointed out) the chinese are destined to be the perpetual 'sweat shop' of the forseeable future...
That perpetual sweat shop is perpetually burying the US. The US had better start sweating or it will get buried with a shovel.
bury us?
Bury you.
Remeber this: "The Capitalists will sell us the rope with which we will hang them."
~Vladimir Ilyich Lenin
I remember when Americans said, "in the long run socialism will win". To this day there's very few Americans who think that's true.
no, i don't think so...history has proven he's a rotting corpse on display and any state that fails to embrace true capitalism is the same
Well then, you better prepare the casket for the US to be lowered into the hole while various other previous socialist countries fight against their exhumation.
and then of course...there is this "we will bury you!"~n. kruschev
which leads me to a certain amount of agreement with you (assuming i even understand you correctly, a strange feat, to be sure)
Maybe this will clarify matters better. In "true capitalism" major corporations don't become derelicts unless the product they make has obsolesced.
From Briefings,
WSJ reports next year proposed accounting-rule changes would force the co to recognize a massive deficit in its pension and other retiree-benefit plans as a liability on its balance sheet. Right now, that deficit is laid out in the notes to the financial statement, but not officially counted as a liability. The action could swing the co's measure of shareholder equity from nearly $15 bln at the end of 2005 to negative $43 bln, or worse. The proposed accounting change, likely to be enacted by the FASB later this year, could weigh against the div, which the co already halved earlier this year. Under Delaware law, which applies to GM, cos can pay a div only if they have something known as a statutory surplus, which is a lot like shareholder equity. The co notes it could still pay a div if it generates net profits, however it lost $10.6 bln last year.
kruschev later 'clarified' his remarks
I remember the incident. It was a major shock to the US. The hard hats considered launching a pre-emptive nuclear strike considering it better to be buried by bombs than by communists, but Eisenhower put the muzzle on them. "We will not live under godless comminism", so instead they live under godless socialism, and they like it. Yes, they do.
Khrushchev himself remarked, "I once said, 'We will bury you,' and I got into trouble with it. Of course we will not bury you with a shovel. Your own working class will bury you" [3], a nod to the popular Marxist saying, "The proletariat is the undertaker of capitalism".
so if your point is the increasing adoption of the old european model of socialism....
your point is well taken
My point is well represented by the glee of Mitt Romney when he announced Massachusetts had found the solution, the final solution. At first his solution will work well. Then it will develop side effects and evolve into a juggernaut of exploding costs and declining quality. Nowhere along the way will anyone think there's a problem. They'll just fix what's broken and remark how good it is that everyone is covered and that everyone pays the protection money. Eventually there will be massive cheating and avoidance of participation, all sorts of exemptions for various people in the system, but the system will go on with its ever increasing tax burdens. Then people will say, "how did we get here"? How did GM get where it is? |
