Fri 20 Nov 2009
Communist China, 1995— the dawn of capitalism.
The Hong Kong based guide talked about the free enterprise zones, building projects, golf courses, and roads with a chest full of pride and visible excitement. Capitalism was everywhere along the tour route, and judging from the advertisements on billboards and posters, the world was coming to China!
But although the government was embracing “for-profit” business for the first time, the train-ride out of the country evidenced the abject poverty of what would become a willing and able workforce. Another communist built wall was falling; another socialist society was moving closer to “The Force”.
Today, in the very birthplace of capitalism, an entrenched, arrogant, and incompetent congress equates greedy executives with the demise of capitalism while the economic force field it demeans catapults third world nations onto the leader board of global economic growth potential. Capitalism dead? Hardly.
As congressional fat cats lament the corruption of governments throughout the world, they line their pockets with favors from powerful lobbyists on Wall Street, within drug companies and insurers, and seek the bed of every conceivable public and private special interest group, ad nauseum.
(more…)
An employee of a south Phoenix social-services agency was arrested Monday on charges of embezzling nearly $200,000 in government checks intended to fund parenting programs.
