Tuesday, December 11, 2012

Well, isn't this precious? The head of General Electric praises ChiCom Government.

"State run communism . . . may not be your cup of tea, but their government works."
Immelt: State Run Communism in China Works.
Jeffrey Immelt, Chairman and CEO of General Electric and Chairman of the White House Council on Jobs and Competitiveness was interviewed by Charlie Rose on Bloomberg Television Monday evening. When asked about China, Immelt praised the Chinese and their centrally planned economy:
CHARLIE ROSE: China is changing. It may be being stabilized as we speak. What does that mean for China and what does it mean for the United States? Should it change expectations?
JEFF IMMELT: It is good for China. To a certain extent, Charlie, 11 percent is unsustainable. You end up getting too much stimulus or a misallocation of resources. They are much better off working on a more consumer-based economy, less dependent on exports. The one thing that actually works, state run communism a bit– may not be your cup of tea, but their government works.
As the fellow who forwarded this link to me said sarcastically: "No point in hiding it anymore, we won the second term."


Happy D said...

"Immelt: State Run Communism in China Works."

Technically the form of government in China is Fascism. Fascism is the most highly evolved form of Socialism.
So its survival beyond Socialism is understandable.

As for Quislings like Immelt?

Anonymous said...

The Chinese are no longer communists they are in their own words state capitalists. Another term for that is corporatist & another term for that is fascist . But what the hell Mussolini made the trains run on time so he couldn't have been all bad.

Anonymous said...

Mmmmm.... Question.

Who controls all the tanks, aircraft and infantry in China?

The Communist party?

So who is the power in China?

The Communist party?

Ding! Ding! Ding! Ding! Ding!

Anonymous said...

Just because something 'works' does NOT mean it is the best nor that it has any individuals interests at heart - it merely exists to perpetuate itself and pamper the elite - no matter the cost to those individuals. Hmmm - starting to sound exactly like CONgress...........