Friday, April 13, 2007

China Charges: Exports More than US


China surpassed the United States as the world's second-largest exporter last year and now makes more cars than Detroit...'Made in China' Overtakes US In Exports, Patrice Hill, The Washington Times

No doubt that's the only quotation that the Post will take away from this story, or that you'll hear in testimony on Capitol Hill about new efforts to restrain trade "unfairness." But the kicker is the next quote:

"China today is much more capitalist than the U.S.," said John Rutledge, a former Reagan economic adviser who now advises China. Competition in China is robust to the point of cut-throat, and surveys show that nearly three-quarters of Chinese think that the free market is the best economic system -- a higher percentage than in the U.S..."The big words in China are entrepreneurship and innovation," Mr. Rutledge said. Everyone from the humblest workers on factory assembly lines to top managers and government officials have been reaping rapidly growing incomes and profiting from China's engagement with Western market economies....('Made in China' continues...)

Yes, Senators Clinton, Obama, Reid, Speaker Pelosi, wealth comes from competitive free markets, not from sending more billions to an increasingly derelict Detroit; wealth comes from working hard, not from subsidizing inefficient systems (like hospitals or Chrysler or GM); wealth comes from private companies rewarding workers, not finding a new form of welfare subsidies, such as "reparations" paid by people who did nothing, whose ancestors were not even here in the 19th century; wealth comes from a friendly tax environment, not a confiscatory or "French" one.

Luther

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