Free markets thrown on trash heap of history

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Thursday, December 1. 2011

Free markets thrown on trash heap of history

So proclaims Andy Stern in the WSJ: China's Superior Economic Model - The free-market fundamentalist economic model is being thrown onto the trash heap of history.

A centrally-controlled Communist economy? Brilliant idea, Andy. Quite a novel idea. You in charge, of course?

You just have to laugh. I remember when the left envied the Soviet economy, the Cuban economy, the Japanese economy, the West German economy, the European economy. Now, the Chinese - until it blows up.

The Left hates the idea of freedom.

Posted by The News Junkie in Hot News & Misc. Short Subjects, Our Essays at 12:24 | Comments (13) | Trackbacks (0)

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The question that is never asked by the proponents of utopian socialist/communist economic structures: Who cleans the toilets?

Who does the menial and dangerous tasks that the elite intellectuals forget need to be done? What if no one wants to do those necessary things? The capitalist system provides an incentive for people to do the things no one else wants to do. The only alternative in a non-capitalist system is force, which is the essence of slavery.

#1 scottJ on 2011-12-01 13:30 (Reply)

Can anyone say Potemkin Village.

#2 Richard on 2011-12-01 13:54 (Reply)

So Mr. Stern thinks that all the US needs to do in order to rival China's economic growth is to abandon economic freedom and property rights?

Why didn't we think of that earlier?

#3 MKS on 2011-12-01 17:04 (Reply)

Let's see, billions of peasants willing to work for pennies, non transparent financial and political system that can hide bubbles and inefficiencies for a while anyways, a mercantile system that manipulates the currency and steals IP to keep exports cheap...growth we can all get behind.

#3.1 phil g on 2011-12-02 08:33 (Reply)

We all know how well independent trade unions fared under communist regimes. Also, we know well the workers' paradises that are the sweatshops of China.

#4 Jersey Jim on 2011-12-01 17:19 (Reply)

Haven't read the article but elsewhere in the Journal are little signs China is falling down or apart. Their Central Bank loosened up things a little, manufacturing is down. And by the way Isn't Mr. Stern formerly a Union head? One thing to learn from this is that the WSJ will publish all points of view not just the capitalist. Sorry for the ramble but on my way to meet a friend in this frigid Florida weather. Must be at least in the 50's Brr! Time for a cigar and a single malt.

#5 grant1863 on 2011-12-01 18:06 (Reply)

Nobody likes a showoff, Grant. No cigars, no single malts, and no rest for the weary here in NY.

On the other hand, at least the streets are reopened after the tree lighting and the President have passed.

#5.1 Jersey Jim on 2011-12-01 18:16 (Reply)

I believe Mr. Stern was head of the SEIU.

#5.2 jersey Jim on 2011-12-01 18:51 (Reply)

Member...boss...and YoBama's best frend. I could spel if I wanted to...

#5.2.1 dorf on 2011-12-01 19:49 (Reply)

Big parts in China's success were outright theft of intellectual property, a mercantile system which by discouraged imports and promoted exports, and a country which was the main outlet for both Chinese exports and theft of intellectual property: the US. If the US adapts those parts of the Chinese system, there are some questions to direct at Andy Stern.

1) Where does the US steal intellectual property?
2) What countries become the export outlet for the US?
3) Which countries will lose their export market to the US as a result of the US following China's mercantile model?

#6 Gringo on 2011-12-01 20:10 (Reply)

Stern left SEIU's pension fund so deep in the red that in his beloved China he would've been escorted from the courtroom straight to the backyard to receive a bullet behind the ear.

#7 buddy larsen on 2011-12-02 02:50 (Reply)

Without access to the U.S. market, the Chinese model would fail.

#8 PacRim Jim (Link) on 2011-12-02 04:29 (Reply)

Without the Clinton military tech transfer, without the Dollar-peg-always-a third-too-low, without Maoist ideologues shot thru the US Democratic party in cahoots with ice-cold hedge funds and giant corporation operators determined to bleed USA wealth into a brand new unsaturated market of a billion and a half people, the Chinese model would have failed.

#8.1 buddy larsen on 2011-12-02 21:09 (Reply)

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Thursday, December 1. 2011

Free markets thrown on trash heap of history