Obama puts tire tariff on China
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  Obama puts tire tariff on China
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phk
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« Reply #25 on: September 15, 2009, 07:57:54 PM »

Stocks head lower on US-China trade concerns: Major indexes fall in early dealings amid concerns about US-China trade dispute.

http://finance.yahoo.com/news/Stocks-head-lower-on-USChina-apf-3565341118.html?x=0&sec=topStories&pos=main&asset=&ccode=
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opebo
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« Reply #26 on: September 16, 2009, 08:22:52 AM »

And as we all know the war between the capitalism (liberalism) of the West and the socialism of the Soviet Union and Eastern Europe has been decided.

It was 'won', of course, only in terms of power, but it is worth noting that the thing which won was not classical liberalism but the heavily modified Keynesian capitalism of the post-war era.  And even that only 'won' because in the West the well being of the lower half of the population is not a criteria of evaluation.
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Jacobtm
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« Reply #27 on: September 16, 2009, 08:17:14 PM »
« Edited: September 16, 2009, 08:19:00 PM by Jacobtm »



It was 'won', of course, only in terms of power, but it is worth noting that the thing which won was not classical liberalism but the heavily modified Keynesian capitalism of the post-war era.  And even that only 'won' because in the West the well being of the lower half of the population is not a criteria of evaluation.

Indeed, the western economic model, whatever you want to call it, generates much more wealth, which is almost always equivalent to power. Indeed the core of "classical liberalism" isn't at all what the west has now or had then, but we do have much more economic freedom/less economic restrictions/regulation than the USSR etc. did.

The lower half of the population in the west is also much better off in absolute terms than the lower half of the population in other parts of the world, much more so than the lower half in the Soviet Union and China was then or is now.
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Southern Senator North Carolina Yankee
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« Reply #28 on: September 16, 2009, 08:29:31 PM »

The irony is, he has chosen a battlefield on which he can't possibly win. China has the money, China has our debt and they know that a little threatening of either our exports to china or those T-bills will whip Obambi into shape fairly quickly.
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