A potential problem with "Just tax the rich!"

[89Hen]

I think it's laughable that anyone would compare China's capitalist system to America's capitalist system. We've hamstrung ourselves with so many rules, so much regulation that we're fighting a global economic battle with BOTH hands tied behind our back. We will soon have legislated ourselves out of relevance. And China will be standing there to fill that economic vaccuum and lead the world over the edge of the cliff.

Shit, forget about environmental... how much money do you think is wasted on ADA stuff and having to print all company info in Spanish everywhere?

[houndawg]

Agreed - it's laughable that anyone would actually call China's economic system "communist". Heck, their's is probably one of the most free-wheeling, no holds barred forms of capitalism in the world today. Of course, considering the lack of regulation and the environmental impact of such a system, very few people would honestly advocate trying to mimic that system. Heck, even the Chinese want to correct it. And really, China needs to buy US debt almost as much as we need to sell it to them - they're just as dependent on us as we are them. It's the economic version of the mutually assurred destruction philosophy of the Cold War - we go down, they go down, and vice versa.

I think it's laughable that anyone would compare China's capitalist system to America's capitalist system. We've hamstrung ourselves with so many rules, so much regulation that we're fighting a global economic battle with BOTH hands tied behind our back. We will soon have legislated ourselves out of relevance. And China will be standing there to fill that economic vaccuum and lead the world over the edge of the cliff.

The Chinese are certainly getting a good laugh.

[kalm]

I think it's laughable that anyone would compare China's capitalist system to America's capitalist system. We've hamstrung ourselves with so many rules, so much regulation that we're fighting a global economic battle with BOTH hands tied behind our back. We will soon have legislated ourselves out of relevance. And China will be standing there to fill that economic vaccuum and lead the world over the edge of the cliff.

Shit, forget about environmental... how much money do you think is wasted on ADA stuff and having to print all company info in Spanish everywhere?

There's nothing worse than Spanish environmentalists.