Nowadays, States must able to make decisions that they need to survive in todays high-speed and increasingly globalized world. For instance the authoritarian policy makers in Beijing has prove more effectively efficient in shaping their healthy socio-economic status than the so called democrats of the West who still clings at the irresponsibility of the system that claims leadership. Thats easy when State control the banks. Just open a spigot and see the money flows. Broadly speaking, better control of inflation, lower deficits, increasing productivity, richer social programs (particularly on infrastructure and health care) and greater political stability have given the emerging giant greater room for error at a time when macro-economic environment particularly of the west rich nations has been deteriorating. Chinese banks were acquiring foreign rivals and increasing their share of global financial assets. As well as its sustainable domestic consumer and export demands. In conclusion I believe that an international socialism such what it is in China and Russia is the only path towards an economy that works for the interests of every citizen on the face of the planet where all those who can work and all those who need have. Where every person will live in dignity, respect, peace justice and solidarity! commondreams.org/news/2014/10/08/china-overtakes-us-worlds-single-largest-economy
Posted on: Tue, 28 Oct 2014 13:56:44 +0000
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