Thursday, May 21, 2009

Economic Quote of the Day

Misery alone is not enough to fuel an economy.  Japan and Germany recovered and blossomed because they were capitalistic societies; their success is a triumph of capitalism.  China is toying with communism, socialism and capitalism, all at the same time. Unfortunately, at the time of crisis if a choice is given, government will chose the path of lower resistance — communism and socialism.  (Just think of what the U.S. government is doing today.) (bold by ed.)

From a post by Vitaliy Katsenelson titled Will China stay the capitalist course?

Posted by John Venlet on 05/21 at 08:50 AM
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