He is showing a few dance moves to the President of China, Hu Jintao. It is not clear what the mission of this visit is. One thing is for sure, China is an economic and military power to reckon with. It may be the super power in the world down the road. China has shown the US that unbridled capitalism could fail and does fail miserably. Also, China is the biggest lender to the US government – a sum of $800 billion. And it may be that it owns a lot of Wall Street too.
The US has shown that unchecked capitalism can bring disastrous results. The US or the West cannot and should not copy China for the central control; but extensive regulations are needed to keep off the Bernie Madoffs of this world. Bernie Madoff was one of the many symptoms of the failing US economy. If all humans were angelic then we would not need regulations and unbridled capitalism may work but unfortunately the reality is quite different. As a matter of fact, if humans were angels then we wouldn't even need government, police and laws. Since humans are humans we need government, we need police and we need good regulations to control and guide capitalism and markets.
Hi,I like this article but..Can someone tell me about Barack Obama?I know that he is a serious candidate for '08, but I would like to know where he stands on the issues. I checked his site but nowhere can I find the info. i am looking for.so please tell me...
ReplyDeleter4i software