Quote:
Originally Posted by Villages Kahuna
I'm not left-leaning, particularly with regard to fiscal policy, but how about China? Their economy is capitalist but their social structure is communist. I guess that qualifies as a "socialist welfare state", doesn't it? They must be doing OK, they're financing both their own country as well as a big chunk of ours.
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Compared to us , they are in their infancy. We are a capitalist economy with an increasing socialist welfare state. We borrow 40 dollars for every 100 we spend. How long do you think it will last? You are a big critic of the Tea Party and all they want to do is have more capitalist and less social welfare.
It is hard to believe that you were in banking sometimes.