11-05-2020, 03:30 PM
** 05-Nov-2020 World View: Political gridlock
Lol! Unlike those glorious Communist economies, like the ones in
North Korea, Cuba and Venezuela.
As I'm working on my Vietnam book, here's a statement that Communist
Party Secretary-General at the time, Truong Chinh, said in 1986:
Socialism collapsed in China in the 1970s, in Vietnam in the 1980s, in
the Soviet Union in the 1990s, and in Cuba in the 2010s. It's a
near-perfect record.
But not completely perfect. Socialism is still alive and well in the
socialist paradises of North Korea and Venezuela. Nobody is
trampled-upon there, huh?
Even today, the Chinese people in "Communist" China have about 1/4th
of the income of the same Chinese people living in free market Taiwan.
Those poor Taiwanese people are really being trampled-upon.
But oh, let a capitalist economy take a short breather from its rapid
growth through gridlock, then the trampled-upon will take revenge, as
the antifa-blm fascists have been doing.
(11-05-2020, 08:07 AM)John J. Xenakis Wrote: > ** 05-Nov-2020 World View: It's almost over
> As of this moment, it appears that the election counting is almost
> over, and Biden will be president, the Republicans will lose one
> seat in the Senate but still control it, and the Democrats will
> lose several seats in the House, but still control it. The stock
> markets are cheering because this means political gridlock.
(11-05-2020, 12:20 PM)David Horn Wrote: > There is something uniquely bad about market economics that sees
> political failure, and gridlock guarantees it, as a huge plus for
> capitalists. We're less and less on the same team. Nick Hanauer
> is right. Eventually, the trampled-upon will take revenge, and it
> won't be restrained. https://nickhanauer.com/
Lol! Unlike those glorious Communist economies, like the ones in
North Korea, Cuba and Venezuela.
As I'm working on my Vietnam book, here's a statement that Communist
Party Secretary-General at the time, Truong Chinh, said in 1986:
Quote:> "We have made mistakes due to ‘leftist infantilism’,
> idealism, and to the contravention of the objective laws of
> socio-economic development. These mistakes were manifested in
> the...[emphasis given to] developing heavy industry on a large
> scale beyond our practical capacity...[maintaining] the
> bureaucratically centralised mechanism of economic management
> based on state subsidies with a huge superstructure which
> overburdens the infrastructure. As a result, we relied mostly on
> foreign aid for our subsistence."
Socialism collapsed in China in the 1970s, in Vietnam in the 1980s, in
the Soviet Union in the 1990s, and in Cuba in the 2010s. It's a
near-perfect record.
But not completely perfect. Socialism is still alive and well in the
socialist paradises of North Korea and Venezuela. Nobody is
trampled-upon there, huh?
Even today, the Chinese people in "Communist" China have about 1/4th
of the income of the same Chinese people living in free market Taiwan.
Those poor Taiwanese people are really being trampled-upon.
But oh, let a capitalist economy take a short breather from its rapid
growth through gridlock, then the trampled-upon will take revenge, as
the antifa-blm fascists have been doing.
