"When the government is involved in business, it’s hard for private companies to compete. The Chinese government is smothering the private sector. The usurping of private enterprise has become so evident that the Chinese have given it a nickname: 'guojin mintui.' That roughly translates as 'while the state advances, the privates retreat.' If the government doesn’t interfere, these entrepreneurs would be productive.
There are a variety of reasons the Chinese government is seeking an enlarged role in the economy — including fears that wealthy entrepreneurs could begin to challenge the Communist Party. There is also an ingrained belief among leaders that the state is better at driving growth and redistributing wealth. And so state companies have been given the green light to expand their interests and move into anything that promises high returns — whether real estate, finance, technology or other fields."
Chen Zhiwu, Yale University Finance Professor
Ha! Are there some lessons here for us?
Notice some key words and phrases - we hear them all the time! Smothering the private sector... Gubment interference is negative to entrepreneurial productivity... The gubment is better at driving growth and redistributing wealth... The state...
So, then, why, WHY, is our gubment trying to do what the Chinese gubment is doing?
Why is our gubment so bent, or hellbent, on the same kind of control the Chinese gubment (read that Communist Party) is hellbent on?
Why does our gubment think such control is better and will work?
BECAUSE THOSE IN CHARGE OF OUR GUBMENT, CURRENTLY, HAVE NO PRIVATE SECTOR EXPERIENCE! THEY HAVE NO THOUGHTS FOR ANYTHING BUT FOR THE STATE! IT IS ALWAYS, ALWAYS, THE MOTHER STATE! WHY? BECAUSE THAT IS THE SOURCE OF THEIR POWER AND THE SOURCE OF THEIR CONTROL!
Do you think that if the Chinese people, their own entrepreneurs, could vote, they would vote for the Statists?
BUT ALAS, THEY HAVE NO VOTE!
Think carefully. And so, when you vote, vote smart. Vote smart. Vote smart.
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