The Chinese Communists to embrace Free Market Capitalism more than President Obama

Posted by PITHOCRATES - December 21st, 2013

Week in Review

During the Eighties Democrats said the Japanese economy was the smart way to go.  Government partnering with business.  With government helping to make that messy capitalism more ordered and manageable.  Improving economic efficiency.  And economic output.  But all that government intervention and cronyism brought on a deflationary spiral.  Japan’s Lost Decade.  Which they’re still trying to recover from.

Over the last decade Democrats said the Chinese economy was the smart way to go.  Government partnering with business.  With government helping to make that messy capitalism more ordered and manageable.  Improving economic efficiency.  And economic output.  But it doesn’t appear the Chinese agree with them (see China factories stuck in cruise control by Charles Riley posted 12/15/2013 on CNNMoney).

After a long period of steady progress and faster growth, China’s factories have lost some momentum in the final months of the year…

…analysts said that sluggishness in the manufacturing sector suggests economic growth has started to weaken, a trend that will continue into next year…

China’s party leaders have spent much of the year plotting a course for economic reform that aims to deliver results by 2020.

Beijing’s plan calls for opening its financial markets and promoting greater foreign investment. The leadership also hinted at changes in how companies file for stock market listings, the introduction of a bank deposit insurance scheme and an acceleration of interest rate liberalization.

The roadmap seeks to roll back government control of state-owned enterprises and allow for greater competition with private firms.

The Chinese export economy created economic activity.  But the key to that was their low labor costs.  With the power of the state keeping labor costs low.  Which helped to make their exports inexpensive.  But it did not help grow a middle class.  Which meant all of China’s economic growth relied on those exports.  And when nations were suffering anemic economic growth those export sales fell.  And without a prosperous middle class there was nothing to replace those sales.  Causing the Chinese economy to lose momentum.

And what is China doing to regain that momentum?  Reduce the role of government in the economy.  Unlike President Obama.  Which could forever change the balance of power in the world.  For if the Chinese privatize their economy while the Americans strangle theirs with more government involvement the Chinese economy will grow greater and overtake the American economy.  Allowing the Chinese communist do something the Soviets could never do.  Beat America economically.  Because the Chinese communists embraced free market capitalism more than President Obama.

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Chinese Journalists fight State Censorship while American Journalists Self-Censor Themselves

Posted by PITHOCRATES - January 19th, 2013

Week in Review

The mainstream media in America is more like the propaganda arm of the Chinese Communist Party than the Chinese journalists who risk their lives and careers to report the truth.  The American media loves their president.  And fawn over him in a cult of personality.  Telling him things like, “Excellent job, Mr. President.”  And, “How wise of you to say that, Mr. President.”  And, “What a shame that YouTube video did to our consulate in Benghazi, Mr. President.”  President Obama can do no wrong in their eyes.  Something the Chinese Communists wish their media would be more like (see Former Beijing Publisher Honored For Resisting Censors by Sophia Fang posted 1/17/2013 on The Epoch Times).

Dai Zigeng, the publisher that was reported to have resigned recently after refusing to reprint state propaganda, was honored with the 2012 Most Influential Person award at a prominent Chinese media conference ceremony…

The censorship row against Southern Weekly, a liberal newspaper in southern China, was triggered when the Guangdong chief propaganda official Tuo Zhen altered the paper’s New Year’s edition to praise the Communist Party…

One of the regime’s mouthpiece media, the Global Times responded with an editorial titled “Southern Weekly issue prompts soul-searching over media’s role,” saying that the defiance displayed by Southern Weekly was incited by hostile foreign forces.

Dai was publisher of the Beijing News, a newspaper that was forced to reprint the Global Times’ attack. He refused, and resigned. The paper was made to print it anyway.

The Central Propaganda Department then commanded all municipal level newspapers to reprint the Global Times editorial. According to Hong Kong media Ming Pao, propaganda chief Li Qibao issued a “must print” mandate to newspapers that hadn’t reprinted the editorial. Standing Committee member of the Political Bureau of Chinese Communist Party, Liu Yunshan also reportedly helped with enforcement.

The U.S. doesn’t have a problem like this.  As the mainstream media doesn’t need “must print” mandates.  They are such sycophants of the Obama administration that they will write glowing pieces of propaganda without orders to do so.  And they will self-censor themselves.  They won’t report on anything that reflects poorly on the Obama administration.  Just ask yourself where was the reporting on Fast and Furious?  On Benghazi?  When he told the Russian diplomat he will have more freedom to address Vladimir Putin’s concerns on American missile defenses after the election?  Unless you caught it on Fox you probably didn’t hear about these things.

The mainstream media acts voluntarily like the propaganda arm of this administration.  While Chinese journalists risk their lives and careers to maintain journalistic integrity.  Something their counterparts in America know nothing about.  Having sold their journalistic souls just so they can be part of the “In” crowd.  So they can go to the best parties in Washington.  And rub shoulders with the beautiful people.  The rich and powerful.  And the celebrities.

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