I’ve previously posted about the communist government of Cuba cutting taxes and the CEO of Coca-Cola saying that communist China has a more business-friendly climate than the United States.
Having grown up during the Cold War, I still have a hard time believing my eyes when I read stories like these.
But those examples pale into insignificance compared to this story. A member of China’s political elite, which presumably makes him a member of the Communist Party, has a better understanding of economics than the Presidents of France and the United States.
Sure, that’s not saying much, but read what Jin Liqun, the head of China’s sovereign wealth fund, said about the European welfare state.
If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society. I think the labour laws are outdated. The labour laws induce sloth, indolence, rather than hardworking. The incentive system, is totally out of whack. “Why should, for instance, within [the] eurozone some member’s people have to work to 65, even longer, whereas in some other countries they are happily retiring at 55, languishing on the beach? This is unfair.
Astounding. There’s also a video at the link.
So let’s think about what this means. The communist elite in China recognizes the importance of incentives and understands the corrupting influence of welfare on the human spirit (they would like this cartoon). Heck, even Castro admitted that communism was a failure.
Yet politicians here in America still want to make government bigger and create more dependency.
I guess it’s time for me to unfurl the hammer and sickle.