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Name:
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Yankee06
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Subject:
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Newspaper Reporter, Views on Capitalism
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Date:
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12/21/2010 6:32:58 PM
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Hound,
-China is an interesting example. It is trying to develop a new model which retains strong centralized political control while loosing some economic control. It just ain't gonna work.
-The Soviet Union had great success in its initial industrialization. Leftists here and around the world in the 1930's pointed to Russia, not America, as the role model for social progress moving along with industrial progress. We see where it resulted. Centralized government contraol cannot effectively control the economy. Teh Soviet Union's industry eventually faulted, petrified, and died. ..and I could give you a hundred examples of stupid government decision that caused. When Gorbachev realized he had to loosen economic controls to improve his economy, yet still try to retain strong political control, the handwriting was on the wall.
-China is going to find the same problem. Right now there is a lot of room to grow into the initial stages of the industrial age. Because of the size of the population, constraints might not appear as fast. However, when the economy pushes against the political power constraining it, one of two things will happen, First, the party will either tighten political power and teh economy will suffer, ...or two, the party will loosen political power and the economy will grow. But if the later course is taken, the communist party will lose control. Party leaders today, much like our own politicians, have one primary concern, retention of power. However, under the communist system, retention of power is a very important driving concern. For when communist leaders lose power, they don't retire to their Nantucket homes and big bank accounts. They retire to the gallows.
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