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Source link: http://archive.mises.org/8490/china-less-socialist-than-the-united-states/

China less socialist than the United States

September 9, 2008 by

With practically every talking or blogging head in the United States saying that the “conservatorship” of the mortgage market is essential, it is great thing to hear the truth from Jim Rogers:

{ 10 comments }

eric lansing September 9, 2008 at 2:05 pm
Comrade Patriot September 9, 2008 at 2:22 pm

Well it’s about time to call a spade a spade. It looks like Mr. Rogers isn’t the only one who doesn’t like the looks of this.

http://www.bloomberg.com/apps/news?pid=20601087&sid=alpUsTv3.upI&refer=home

I know that Ayn Rand may not have many fans on this site but I am reminded of Francisco d’Anconia’s speech where he warns if you want to gauge where a society is headed watch look at the value of their currency.

Can anyone think of a country that is becoming more economically free? I know that Jim Rogers has been touting China but that may or may not be that ideal (e.g. he lives in Singapore).

Thanks

Comrade Patriot September 9, 2008 at 2:26 pm

It looks like Eric lansing beat me to the post.

Brent September 9, 2008 at 2:45 pm

The interviewer is a caveman, intellectually-speaking.

Apprenti Economiste September 9, 2008 at 7:15 pm

Mike Whitney interviews Economist Michael Hudson at

http://www.counterpunch.org/whitney09082008.html

on “The Worsening Debt Crisis: Who Got Us into This Mess and What are the Real Political Options?”

Mr. Hudson certainly does not sound like a big friend of laissez-faire economics. May be some food for a future blog entry.

Caveman (intellectually-speaking) September 9, 2008 at 7:37 pm

I wouldn’t give Bunning too much credit. His nonsense about “[taking] the free market out of the free market” betrays his obvious ignorance of the fact there was no free market to begin with. Nothing more than the usual Republican lip-service about free markets.

a Chinese student September 10, 2008 at 12:10 am

Oh,I can’t believe my eyes. He thinks China is less socialist than America? It is that country with 11 million government employes, 3.5 million military or paramilitary forces. In China, 1.3 billion, maybe 1.5 billion, people only have four State-owned commercial banks and several government-backed banks,which are scandal prone and totally corrupt. It is that corrupt banking system purchase the largest mount of F&F securities. I invent Jim Rogers come to China to see the largest and most corrupt government in the world.

Artisan September 10, 2008 at 1:36 am

Yes, and it’s a dictatorship too. I don’t think economical freedom can be dissociated from personal.
Aren’t you forced by law to have only one child in China? Isn’t Jim Rogers overdoing it?

pete September 10, 2008 at 4:39 am
Caveman (intellectually-speaking) September 10, 2008 at 11:45 am

Now, now give Rogers a break. Obviously, his comment about China was somewhat tongue-in-cheek. The message here is that the US government is hardly the defender of free-market capitalism it often claims to be. Don’t get distracted by Rogers’ hyperbole. The underlying conditions are real. And, yes, the USA is a socialist country.

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