I picked up today's WSJ and noticed front page stories about:
-a large state-owned financial institution and the actions of it's government overseers.
-a President promising openness and fair treatment for foreign investors
-a plan to rejuvenate a nation's economy by eliminating 500,000 government jobs and instead relying on the private sector to drive economic growth.
One of these stories was about the free-market United States, while the other two were about Communist countries (China and Cuba). Can you guys which was which?
(Yeah, China's President is promising openness and Cuba is cutting 500,000 government jobs. All the while the US government's slice of the economy continues to grow, and our economy posts anemic growth.)
Welcome to CogentPassion - Official Blog of Tim Gallagher - opinion and commentary on things that I feel passionate about, though I promise not to spout off without a good basis in reality. Favorite topics for commentary are economics and politics from a Libertarian p.o.v., and notes from a baseball-playing, self-improving, travel-loving Charlottesville resident. CogentPassion is proudly banned in China (as are all blogs.)
Omakase
Tuesday, September 14, 2010
Subscribe to:
Posts (Atom)
World sun clock
Uncommon Man's Creed
"I do not choose to be a common man. It is my right to be uncommon -- if I can. I seek opportunity -- not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I wish to take the calculated risk; to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole, I prefer the challenges of life to the guaranteed existence; the thrill of fulfillment to the stale calm of utopia. I will not trade freedom for beneficence, nor my dignity for a handout. I will never cower before any master, nor bend to any threat. It is my heritage to stand erect, proud, and unafraid, to think and act for myself, to enjoy the benefit of my creations, and to face the world boldly and say, "this I have done." All this is what it means to be an American." -- Anonymous