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Why Doesn't the World Imitate the U.S.? (American "cutthroat capitalism" is a good thing)
The American Thinker ^ | 10/30/2012 | Randall Hoven

Posted on 10/30/2012 2:51:55 AM PDT by Cruz

What makes some nations wealthy and others not? One way to address that question is to look for patterns: what do wealthy nations do that non-wealthy nations don't?

Read more: http://www.americanthinker.com/2012/10/why_doesnt_the_world_imitate_the_us.html#ixzz2Am0gfo62

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Foreign Affairs; Philosophy
KEYWORDS:
Read entire article. At halfway point, author brings new insight why we so wealthy, yet have more inequality compared to other western nations, and yet this is a good thing. It makes valid points how the entire planet benefits from our "cutthroat capitalism" type model by freeloading off our innovation, patents, defense (protecting trade routes, etc), etc.
1 posted on 10/30/2012 2:52:10 AM PDT by Cruz
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To: Cruz

yet have more inequality compared to other western nations,

What other western nations??


2 posted on 10/30/2012 2:57:29 AM PDT by SECURE AMERICA (Where can I sign up for the New American Revolution and the Crusades 2012?)
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To: SECURE AMERICA

The West is, of course, the United States and some nearby ‘feeder states’. Everywhere else are Oriental Despotisms.


3 posted on 10/30/2012 3:22:09 AM PDT by muawiyah
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To: muawiyah
"Everywhere else are Oriental Despotisms."

I think communism/socialism and its spinoffs have to be considered Occidental rather than Oriental. And the rest are mostly Muslim despotisms. Not sure those would be considered Oriental, either.

4 posted on 10/30/2012 3:44:11 AM PDT by Wonder Warthog
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To: Cruz

To a large degree, we have morphed into a typical third world pay to play kind of nation. We are no longer the country we used to be and it’s just a matter of time until the change catches up with us.


5 posted on 10/30/2012 4:14:52 AM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: freedomfiter2
Well said, Adam Smith said it all in his treatise “The Wealth of Nations” written in 1776. Give people the Right to Own and everything falls into place. And, the right to Own doesn’t mean the Government can tax it away from you.
6 posted on 10/30/2012 4:49:59 AM PDT by 2001convSVT (Going Galt as fast as I can.)
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To: Cruz
Unfortunately, too much of the throat cutting is now done in the halls of Washington instead of in the marketplace.
7 posted on 10/30/2012 5:00:05 AM PDT by KarlInOhio (Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
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To: freedomfiter2

China morphed into the US in terms of production and marketing.

The difference is that the Carnegies and Mellons are the Marxist government powerful. They did things backwards.


8 posted on 10/30/2012 5:08:41 AM PDT by sodpoodle (Life is prickly - carry tweezers.)
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To: Cruz

I saw a photo of some Chinese people on the street. There were some young girls. At least one was wearing Daisy Mae’s.

They were imitating America.


9 posted on 10/30/2012 5:14:58 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: bert

We need to focus on making America strong.

China is feeding off America. Everything in China benefits China first. Everything sold by China benefits China.

China is all about China.

Americans working for China are selling out. Selling out America, and our future.


10 posted on 10/30/2012 5:25:58 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Cruz

Is a nation that is $16 Trillion in debt really “wealthy”?


11 posted on 10/30/2012 5:26:37 AM PDT by Wolfie
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To: Cringing Negativism Network
Americans working for China are selling out. Selling out America, and our future.

I'm pretty sure that's where the "cutthroat" in cutthroat capitalism comes from. If you're not benefiting from the trade and labor realities of dealing with the Chi-Coms, then you're just not being very smart.

12 posted on 10/30/2012 5:38:46 AM PDT by Wolfie
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To: Wolfie

Disagree, strongly.

I was very pro-China very early. We have screwed up things with China so badly now I have turned 180 degrees and want a break.

Cease all imports.

We are getting screwed in everything having to do with China.


13 posted on 10/30/2012 5:41:10 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Cruz
Why doesn't the US imitate the US?
14 posted on 10/30/2012 5:52:32 AM PDT by E. Pluribus Unum (Government is the religion of the psychopath.)
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To: Cringing Negativism Network
We are getting screwed in everything having to do with China.

I'm not sure what you mean by "We"?

If I'm a CEO and I go to my executive team and we determine that we can be x-times wealthier by cutting labor costs and offshoring to China, then that's what we're going to do. That does right by me and mine.

That's capitalism.

15 posted on 10/30/2012 7:13:23 AM PDT by Wolfie
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To: Cruz
If our fortunes are the result of our own choices, then by definition the outcomes will be unequal, because people make different choices.

The fraudulent foundation of Socialism is the idea that different choices should result in the same outcomes. Equal results instead of equal opportunity.

16 posted on 10/30/2012 7:19:23 AM PDT by TChris ("Hello", the politician lied.)
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To: Cringing Negativism Network; Wolfie
We are getting screwed in everything having to do with China.

Not true. In very many cases, the Chinese product is the highest quality option available. Confirmation bias on the part of the anti-China observer leads to examples of the opposite case being magnified out of proportion.

China makes a lot of cheap junk - China also makes some of the best products available. It is up to the free market to determine which is which, to reward the good and punish the bad, just as it did with Japan in the 50's and 60's.

17 posted on 10/30/2012 7:20:11 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Wonder Warthog
if America is the only part of the WEST, all the rest are necessarily oriental despotisms ~ just pointing that out since it's definitional.

If you want to include England you have to learn to say 'the Continent' to differentiate them from their cousins.

18 posted on 10/30/2012 7:46:47 AM PDT by muawiyah
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To: Wolfie

Honest question Mr. CEO,

Since the middle class is disappearing in the USA, who do you expect to have the disposable income to buy your products?

How do you feel about making China stronger and the USA weaker?


19 posted on 10/30/2012 7:50:18 AM PDT by desertfreedom765
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To: Cruz

too bad we are emulating North Korea now


20 posted on 10/30/2012 8:00:58 AM PDT by GeronL (http://asspos.blogspot.com)
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To: desertfreedom765

Let’s say, for argument’s sake, the U.S. middle class simply can’t keep up anymore and stops buying my products. (And no other nation’s middle class has grown enough to takes it’s place). I’ve had a GREAT run. I retire with more money than I can spend in several lifetimes. That’s why I maximize profits now, with cheap labor from abroad, and favorable trade policies in the U.S. Build up that nest egg (which didn’t take very long, BTW, have you seen CEO compensation lately?)

As for your second question, I don’t “feel” anything about the U.S. or China. The bottom line is all that matters.


21 posted on 10/30/2012 11:57:32 AM PDT by Wolfie
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To: Wolfie

Well MR. CEO your brutally honest, I’ll give you that.

Were a very different kind of conservative. (I don’t know if you consider your self conservative).

Me I want to see an opportunity society. Where anyone who is willing to work hard has a chance for a decent life.

We used to have sane policies which allowed for that.

I want to see my neighbors prosperous, then they will have a vested interest in protecting my prosperity.


22 posted on 10/30/2012 7:10:09 PM PDT by desertfreedom765
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To: Wolfie

It is time to change the rules, to prevent that.

Just saying.


23 posted on 10/31/2012 7:45:55 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Cringing Negativism Network

You want government to pick the winners?


24 posted on 10/31/2012 9:01:37 AM PDT by Wolfie
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