Tuesday, April 04, 2006
We're All Capitalists Now
The Marxist/Leninists of the world - the Chinese - are eating capitalist champion Uncle Sam's lunch. Communism didn't work so they decided to follow the leader. This is reminiscent of the 1920s, when state directed agriculture didn't produce for the communists in the U.S.S.R. Lenin installed capitalist principles, allowing the farmers to compete with each other and in the world markets. A few years later, Joseph Stalin took over Russia and reverted to communal farming. The Stalist/Mao faction in China might someday turn back to real communism and forfeit the markets to us (that's U.S.) Meanwhile, we can/should/must defend our producers with tariffs, just as the Chinese are doing now, in a slick and stealthy way.
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