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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (108887)	2/24/2010 11:12:22 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116555

(v) big government is big evil Can't get any bigger than China's government, now can you? State owned enterprises, Government control over foreign exchange and external corporate buyouts. Let me ask you.. Do you think the Hummer purchase is going to get the approval of China's "lazzez-faire" government?: chinabizgov.blogspot.com TJ.. we, in the US, have SERIOUS ISSUES which you correctly note. We're going to be spending a bit of time reassessing our priorities and whether we're going to remain economically competitive in the world markets. But we also have a political mechanism and tools to deal with governmental and corporate abuses, if only we'll get motivated enough to use them. All you have in China is revolution and the government has all the guns. And you now my view of HK's freedom. You get it ONLY so long as it serves the interests of Bejing and the Chinese people. HK is a glittering gilded cage in a very large labor camp. Get out of line, or become a threat to the entrenched politicos in Bejing, and they'll throw you back in with the general population. Or maybe they'll let their fear of the people permit them to let the masses tear down your ivory towers. It's obviously not something you'll see happen tomorrow, but it's not outside the realm of possibility within the next 20 years if things don't go as you expect. The Chinese government SHOULD be afraid of its people. I wouldn't blame them for another Tiananmen square, or larger. Again.. you've pointed out the wealth disparity in the US, so I think it's fair to reveal what it is in China? Hawk