Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… Why China is a Problem [#state sector]…

Posted by paulfromwloh on Wednesday,November 23rd,2016

.. when you are a communist nation , and you begin to reform , you do have to privatize . But , you also have to allow the private sector to create things on its own . Don’t direct it . let the private sector work ..

.. but , you are still a Communist nation . You still have a state sector to deal with . Boy , does China have a problem to deal with , and how ..

.. China allows the state sector to operate as a jobs – creation machine . It does not , in this case , give a flip about profits and or losses . It just wants the jobs . You bet , that that situation is the problem ..

.. [h/t — Newsmax.com/Finance]..
.. [link] to the blog post ..

.. the state sector has to be allowed to shrik it way out of existence . Otherwise , China will continue to have grossly outsized economic distortions , as a result …

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