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Re: A recession or not??
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Originally Posted by Capra
I disagree that the global economy is in trouble. The domestic economy is taking a whipping, but the global economy, especially rapidly-developing countries like China and India, is growing like wildfire.
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well I'd be careful from what I understand china is beggining to see thier own issues. Thier stock market is subsidized and they also have strict withdrawal and control rules. The balancing act between entrepreneurism and gov. oversight still has a long way to go, plus the first generation of the big boom will be hitting midlife and beyond, their medical issues etc. due to poor environmental controls etc. will begin to really take a toll, in the next 5-10 years. Thier gov. works ala the Gorge etc. also leave a lot to be desired.
Premier Liu tackles economic woes - The China Post
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No individual can plan his own existence in their view.
So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.
Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.
The Road to Serfdom
FA Hayek (interpretation)
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