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Thursday, December 1, 2011

China's Superior Economic Model - Andy Stern

Mr. Stern was president of the Service Employees International Union (SEIU)

China's Superior Economic Model - Wall Street Journal Editorial
The free-market fundamentalist economic model is being thrown onto the trash heap of history.

What is interesting was a major part of his tour was in Chongqing (the leader, Bo Xilai who is promoting a Mao revival in his bid for the central committee).

And now for a completely different view on China's Economy:
Can China Rescue Its Economy? - Forbes

My 2 cents, my gut feeling is Mr. Stern's commentary has a political goal that I don't understand the politics well enough to explain. I have a feeling he saw a slightly rose tinted view of China's Economy (which is amazing, but there are challenges). 

I am not buying the sky is falling view of the Chinese economy either, but I am worried about a global slowdown due to the Euro Crisis that is going to have a negative impact on the Chinese, European, and the US economies. And I freely admit, I don't know what I don't know, with what is going on with China's economy, much less the world's economy.

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