Chinese state-run capitalism seems to be giving Western free-market economies a run for their money, or is it? You see, the reason China's state run capitalism is working is because they have been up until now able to command labor to work for super low-wages, but in the future that won't be possible. Meanwhile, it appears that the Obama Administration wants to try state-run capitalism by nationalizing various industries.
Unfortunately, even though the Obama Administration has nearly nationalized health care, health insurance, banking, and the auto-sector - China has their own auto sector, which is moving towards free-market capitalism thanks to Warren Buffet [20% ownership in Greely Automotive]. Does the Obama Administration really believe that it can organize and allocate labor resources to run companies? It appears to me that the Obama Administration cannot even provide the jobs it promised.
Nationwide Society
But this is typical of socialist movements, as governments think they can run businesses better than those who do for a profit. Sometimes I wonder how many times this lesson will have to be learned before leaders get it? Are we doomed to repeat, as nation after nation flirts with such theories of socialism and communism over capitalism?
The US need not give up her Super Power status so a gentleman whose never run a business in his life, or ever made a payroll can learn the lesson again, along with his like minded friends. State-run capitalism is doomed to fail. Why? Because it is inefficient, and it cannot succeed over the long-term, even if the citizens are forced into labor of the nation-state's desires.
For those who believe that the US has to stoop that low to compete with China, as to copy such a failed concept, then they obviously have no business being in business, and they certainly don't deserve my tax dollar to pretend to be in business. What's next?
Is the Obama Administration going to nationalize GE, Caterpillar, Bechtel, and Boeing, and to that end how can we trust Obama and Company now after the damage they've already done to free markets. Don't laugh, think of the corporate names that the government is now in business with?
Advice to all businesses; Don't hire anybody, don't expand your business, don't invest in capital expenditures don't take the risk, this Administration in my opinion is unpredictable. God only knows what they will come up with next, what law they might pass before the next election when they are thrown out of office on their ears. Personally, and this is my opinion, I've never trusted a single word uttered from any of those teleprompter speeches.
Personally, I cannot trust what I believe to be the liberal-socialist left. Many folks claim the Democrats are not socialists, and I'd say most Democrat voters aren't, what I don't understand is why they keep voting for socialist leaning politicians. I personally can't believe any human can be that naïve. Please consider all this.
State Run Capitalism - Can Two Play at That Game?
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