The US and European market-based economies are struggling to survive against China’s "very effective" alternative economic model, a top US trade official warned on Thursday (4 April).
Glorious lib tears...remember when they used to say communism is inefficient, bureaucratic, blah blah blah?
US trade representative Katherine Tai said... “I think what we see in terms of the challenge that we have from China is… the ability for our firms to be able to survive in competition with a very effective economic system,” Tai said in response to a question from Euractiv.
She described China as a system “that we’ve articulated as being not market-based, as being fundamentally nurtured differently, against which a market-based system like ours is going to have trouble competing against and surviving”.
“Unless we figure out a different way to defend the way our economies work, we know what’s going to happen,” she said, “and it’s going to have significantly damaging economic and political outcomes for our systems”.
It's almost like, having a system of economics run by a handful of parasites, who's only function is to continuously suck out and hoard wealth FROM the economy, is not good for the long term health of that economic system.
Glorious lib tears...remember when they used to say communism is inefficient, bureaucratic, blah blah blah?
It's almost like, having a system of economics run by a handful of parasites, who's only function is to continuously suck out and hoard wealth FROM the economy, is not good for the long term health of that economic system.
Maybe we should adopt their system