Henninger on China

http://www.futureofcapitalism.com/2009/12/henninger-on-china

"With competitors like China, India and the others, the belief that our big fat national government can somehow subsidize, much less identify, the U.S.'s next creative edge is straight from the dusty book of the original flat-earth society," writes Daniel Henninger in today's Wall Street Journal, noting a Pew poll that found 44% of Americans call China the world's leading economic power. Mr. Henninger's a national treasure, but he seems to neglect the fact that in China, the national government subsidizes and identifies plenty. Sure, China has moved toward capitalism somewhat over recent decades, but the government still plays a big role there, much bigger than in America, even after Secretary Paulson and President Obama's expansion of the government role here. I'm not citing China as a model to be emulated (remember how it treats its human rights lawyers), but those who do often cite it as an argument for a stronger government role rather than a weaker one.

by Editor  |  Dec 31, 2009 at 7:28 am Related Topics:  China, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list