“The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.”

Socialist Party presidential candidate Norman Thomas


Friday, October 15, 2010

We deserve to be taken advantage of by China

Politicians want to blame China for our economic mess, but it's not their fault.....

From Telegraph.co.uk -- China warns US against making yuan dispute a 'scapegoat' for a flagging economy

While China may be guilty of currency manipulation to take advantage of the weak dollar, we recklessly put ourselves in the position to be taken advantage of. When half of the population of a country clamors for lavish social and benefits programs at the expense of the other half and craven politicians line up to provide it to them in exchange for votes, naturally your economy will suffer. And since we participate in a world market, we're ripe for predation by countries who're smarter and more disciplined than us.

Any country who evolves to the point where it toils under a big government and small economy rather than thriving with a big economy and small government, is in willful decline as an economic power. We deserve to be taken advantage of by China.

No comments: