I wonder if you would agree with Ilana Mercer when she argues that from an economic point of view, China is becoming more free and America less free….
"While Ben Bernanke continues to cut interest rates to spur easy credit and artificial economic growth– and to make his political masters look good – China raised interest rates six times last year. The late free market economist Milton Friedman, whose books are wildly popular in the Republic of China, would have probably sided with the actions of the People’s Bank. If Chairman Ben were a friend of the American people, rather than pal (and chief counterfeiter) to politicians, he’d raise interest rates and tighten credit too. China may be experiencing economic jitters, but it is still "running giant surpluses" and, as a crop of new books confirms, is "on the brink of becoming the world’s leading trading nation." The Chinese are ditching Mao for Milton, as Americans trust Oprah to pick their literature and leaders. Indeed China is changing. It is "out of the red" in more ways than one. The U.S. is changing too: It’s in the red and getting redder."