The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Friday, March 23, 2012

Importing China’s Economic Model


by Ying Ma
Hoover Institution
March 22, 2012
In light of the mounting hurdles to free enterprise in the American marketplace, China’s eagerness to promote business and create jobs naturally appears quite impressive to the United States business community. This is an unfortunate reality with which American policymakers must wrestle. Meeting the challenge of China’s political and economic rise requires seeing its limitations clearly. But it also demands that America’s political leaders take the necessary steps to make their own economy more competitive, more agile, and friendlier to the free market. In that vein, doing what many American business leaders advocate—fixing the budget, lowering the burden of entitlements, implementing a sound debt-reduction plan, taking away disincentives for businesses to repatriate earnings from overseas, and reducing regulatory red tape—would be a good start.

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