Friday, November 1, 2013

When We Said Both America And China Had Fascist Economies, It Didn't Make News Like Tom Easton Made Wednesday

2nd generation type 094 missile boats can now threaten US
OK, call us early (here and here).

Tom Easton, American Finance editor for The Economist, here:

... [H]e declared that he had recently moved to the U.S. from China, but “didn’t leave a state-run economy. ... Everyone talks about how all-pervasive the Chinese economy and government is inside of it,” he says. The Chinese government “directs capital, controls the banking system and the ‘highlands’ of important industries. I’m still in China when I came back to America.”

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The next war will be like the last war, a clash between iterations of socialism, but there won't be a more or less free market economy around afterwards, as there was last time, to pick up the pieces.