Obama's Job Czar says Communism "works"

Something the Dog Said wrote: The context of the "quote" was that the Chinese economy is strong at this time, that their state run economy is working. Can anyone disagree with that statement?

Yeah, it works for the elites....everyone else is killing themselves thru pollution and unsafe work. Having a massive base of people who you control, and basically force to work on your exports is hardly an example I would use as something to strive for. Based on the experience of a friend who does business with China, it doesn't work for the ever day person.

Please understand, I'm not defending Chinese communism. I'm merely pointing out what the CEO of GE said was true.

JEFF IMMELT, CEO OF GE: It is good for China. To a certain extent, Charlie, 11 percent is unsustainable. You end up getting too much stimulus or a mis-allocation of resources. They are much better off working on a more consumer-based economy, less dependent on exports. The one thing that actually works, state run communism a bit– may not be your cup of tea, but their government works.

http://www.realclearpolitics.com/video/ ... works.html

Same here, not saying that state run economies are desirable, just putting the remarks in their context.

speaking of state run economies, what are your thoughts on the State of Colorado giving $13 million to three companies to relocate here?

I don't think Mao wouldn't recognize modern China as a communistic dictatorship. More like a combination of state controlled capitalism and communism.

Population below poverty line: 13.4%
note: in 2011, China set a new poverty line at RMB 2300 (approximately US $363; this new standard is significantly higher than the line set in 2009, and as a result, 128 million Chinese are now considered below the poverty line (2011). Theindexmundi.com/china

Educators, analysts, and the state-run press have all commented recently on the plight of China’s college graduates. A 2012 Report by the Beijing-based education research company MyCOS Institute provides some numbers giving a rough sense of the size of the problem—experts agree that numbers relating to employment in China are generally not very reliable. TheEpoch Times, English edition.

FredHayek wrote: I don't think Mao wouldn't recognize modern China as a communistic dictatorship. More like a combination of state controlled capitalism and communism.

That's exactly what it is. And it works well for them, which is what the GE CEO was saying. Look at their GDP and compare it to the rest of the countries.

Top 10 GDP Countries 2000-2050

This table shows the top 10 countries by GDP (Gross Domestic Product) expressed in billions of US$, for the years 2000, 2010, 2020, 2030, 2040 and 2050, listed by projected 2050 rank.
SOURCE: Goldman Sachs

2050 Rank Country Name 2000 GDP 2010 GDP 2020 GDP 2030 GDP 2040 GDP 2050 GDP
1 CHN China 1078 2998 7070 14312 26439 44453
* EU European Union * 9395 12965 16861 21075 28323 35288
2 USA United States 9825 13271 16415 20833 27229 35165
3 IND India 469 929 2104 4935 12367 27803
4 JPN Japan 4176 4601 5221 5810 6039 6673
5 BRA Brazil 762 668 1333 2189 3740 6074
6 RUS Russia 391 847 1741 2980 4467 5870
7 UK United Kingdom 1437 1876 2285 2649 3201 3782
8 GER Germany 1875 2212 2524 2697 3147 3603
9 FRA France 1311 1622 1930 2267 2668 3148
10 ITA Italy 1078 1337 1553 1671 1788 2061

http://www.photius.com/rankings/gdp_205 ... ction.html

Communism is alive and well! Just look at the present day state of the long line of nations that understand and embrace the ultimate wisdom of the Worker's Paradise:

Russia
The Union of Fewer and Fewer Republics
China
Cuba
Venezuela

Oh, wait...

Raees wrote:

FredHayek wrote: I don't think Mao wouldn't recognize modern China as a communistic dictatorship. More like a combination of state controlled capitalism and communism.

That's exactly what it is. And it works well for them, which is what the GE CEO was saying. Look at their GDP and compare it to the rest of the countries.

Top 10 GDP Countries 2000-2050

This table shows the top 10 countries by GDP (Gross Domestic Product) expressed in billions of US$, for the years 2000, 2010, 2020, 2030, 2040 and 2050, listed by projected 2050 rank.
SOURCE: Goldman Sachs

2050 Rank Country Name 2000 GDP 2010 GDP 2020 GDP 2030 GDP 2040 GDP 2050 GDP
1 CHN China 1078 2998 7070 14312 26439 44453
* EU European Union * 9395 12965 16861 21075 28323 35288
2 USA United States 9825 13271 16415 20833 27229 35165
3 IND India 469 929 2104 4935 12367 27803
4 JPN Japan 4176 4601 5221 5810 6039 6673
5 BRA Brazil 762 668 1333 2189 3740 6074
6 RUS Russia 391 847 1741 2980 4467 5870
7 UK United Kingdom 1437 1876 2285 2649 3201 3782
8 GER Germany 1875 2212 2524 2697 3147 3603
9 FRA France 1311 1622 1930 2267 2668 3148
10 ITA Italy 1078 1337 1553 1671 1788 2061

http://www.photius.com/rankings/gdp_205 ... ction.html

But human rights matter not... right Raees?

China has so many people, I really do like their idea of swift justice: once someone is found guilty of capital crime (like drug selling/smuggling or murder) they just march them out the next day and shoot them in the head. No more crowded prisons. They execute a handful or more of people every day -- 4,000 a year.

I've skyped with people from China -- some regularly -- an they seem very happy. On the other side, none of them believe student uprising Tiananmen Square really happened and it was the product of the Western media. Surprisingly, our communications while discussing this weren't disrupted.