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Showing posts from January, 2006

Democracy and Capitalism are not synonyms

The Republic of China is growing increasingly apprehensive about the massive debt associated with the U.S. dollar, so it is reportedly shopping around for a new currency such as the Euro or Yen. It doesn't take an economist to figure out that the consequences of this in the U.S. would be immense. Cheap Chinese products now line the shelves of department stores, convenience stores and gift shops all over the country, so if the government imposes tariffs on Chinese imports -- as it has threatened -- then prices will rise and the economy will suffer greatly. China is mastering capitalism, but it remains a repressive society that does not practice democracy. When Chinese students began a pro-democracy movement at Tiananmen Square, the government acted quickly to squelch it. The famous photograph of the man in front of a tank is a worthy symbol of the pro-democracy movement, but the government arrests people who speak out and thus maintains its power and control by fear and repressio