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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (86432)	1/26/2012 1:46:52 AM
From: elmatador	Respond to of 217822

A Modest Proposal to Solve Global Economic Woes: The China Model Scrambling to boost the economy before the 2012 presidential elections, Obama has failed to explore one potential response to a recession that Davos experts are saying may last for years--a China-style economic dictatorship with free market tendencies. China has come out of the global economic recession with a slowed growth rate, but remains relatively unscathed. Why? Beijing's one party has no heavy-handed congress through which it must pass legislation to recover the Chinese economy. When rampant informal lending left China's export hub city of Wenzhou in its own mini-debt crisis late last year, China quickly capped interest rates for informal loans and set up an emergency fund to help indebted small business people settle the score with loan sharks, according to this article from China Daily. This article from the Associated Press quotes WEF participants saying that "leaders must work fast to overcome the current crisis or else different models of capitalism, such as the form practiced in China, may win the day."