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The chairman of President Barack Obama’s job council has endorsed China’s style of crony capitalism, saying “state-run communism may not be your cup of tea, but their government works.”
Jeff Immelt is the dual-hatted chairman of the President’s Council on Jobs and Competitiveness, and of General Electric, a huge company with businesses in many domestic and international sectors, including China.
He used a Dec. 10 television interview to suggest that China’s type of state-run capitalism has been great for business while lamenting the state of the American economy.
Read more: dailycaller.com...
Originally posted by SELAboy
Niether capitalism nor communism exist in the Western or major Eastern nations.
Originally posted by ANOK
Originally posted by SELAboy
Niether capitalism nor communism exist in the Western or major Eastern nations.
Of course capitalism exists. The predominant economy the world over is capitalist, that is the means of production are primarily privately owned.
Originally posted by SELAboy
If your shirt is blue, but the government, the corporations, the media, and most of your brainwashed neighbors say it is red.....your shirt is still blue. What exists in most of the "civilized world" is extremely far from true capitalism.
Originally posted by ANOK
Originally posted by newcovenant
Do you mean the workers?
Isn't that what I said?
Who else should own the means of production than those that produce?
Why should someone be allowed, by state law, to profit from your labour?
Yeah, I may have lumped socialism and communism together a bit much.
no one is suggesting a good way to 'run' it now; so how is today different or capable of generating a different result ?
THe only problem with communism is who ran it.
no, that's something you'll hear from liberals and progressives but not too many capitalists
Capitalism is essentially saying, "If you think you can take it, go for it."
yes, i was educated in the North, i'm fully aware of its condition.
The history you're taught is just a romanticized story of half truths and outright lies.
how do you have no one running communism and at the same time "everyone" running it for themselves ? ... i can't wrap any sense around that and still see straight.
Originally posted by ANOK
reply to post by AfterInfinity
If someone is "running" communism than it really isn't communism.
Communism is the common ownership of the means of production, no one is in charge but yourself.
thank you for that.
I have to agree with everything you just said. Perhaps we are not so different after all.
Originally posted by ThirdEyeofHorus
Don't worry, you'll get your wish if Agenda 21 is not stopped. They will ration all resources. You will get your daily ration of a glass of water and two food squares. Not to worry though, everyone else will have exactly the same.
no sir, they haven't.
Corporations are a part of capitalism, always have been
Originally posted by ANOK
Originally posted by ThirdEyeofHorus
Don't worry, you'll get your wish if Agenda 21 is not stopped. They will ration all resources. You will get your daily ration of a glass of water and two food squares. Not to worry though, everyone else will have exactly the same.
You obviously have me confused with someone else because that is not what I want.
You should really do some research, and not just trust what you're told.
"Anarchism is stateless socialism" Mikhail Bakunin
Originally posted by Honor93
no sir, they haven't.
they came in with the wave of socialism and dug their heels in sooooo deep that original business owners had to follow their model just to stay alive.
An incorporated entity is a separate legal entity that has been incorporated through a legislative or registration process established through legislation. Incorporated entities have legal rights and liabilities that are distinct from its shareholders,[1] and may conduct business for either profit-seeking business or not for profit purposes. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. In addition to legal personality, registered companies tend to have limited liability, be owned by shareholders[2][3] who can transfer their shares to others, and controlled by a board of directors who the shareholders appoint.