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December 12, 2008

Who is Capitalist? And who is Socialist?

Ed Morrissey at Hotair.com writes:

In response to the financial crisis of 2008, the United States has responded by nationalizing industries and electing a president who promised to raise taxes on entrepreneurial efforts.  China, the nominally Communist nation, has responded by cutting business taxes to stimulate growth. 

He concludes:

When one looks to Beijing for rational tax policies … well, that’s just a sad day for Americans, even if it does portend a brighter future for China.

To read more:

http://hotair.com/archives/2008/12/11/is-china-now-more-capitalist-than-the-us/

Posted at 08:27 AM |

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