“The Party leadership is not infallible. Neither in China nor in the US. In both countries, the feds – looking out for themselves – make policy decisions that are disastrous for others. We have no idea what calamity the central planners will cause in China. But we can take a fair guess of what they will do to America. Broadly, China’s feds build too many factories, malls and apartments. America’s feds encouraged the opposite error – borrowing and spending too much for consumption purposes. China’s real wages doubled in the last 10 years… after doubling in the previous 10 years. That is why the Chinese feel so much better off. They ARE much better off.”
http://beforeitsnews.com/alternative/2013/07/how-americas-working-stiffs-got-stiffed-2724728.html
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