An American woman unwrapping Halloween decorations bought from K-Mart earlier this year found a note which appears to have been written by someone working in a Chinese forced labor camp. It desperately asks the world to pay attention.
“Xi Jinpeng, the man likely to take over this year as China’s new leader, said the carefully calibrated slowdown was on track. ‘There will be no so-called hard landing,’ he said on a trip to the US.”
In today’s Wall Street Journal, Andy Stern the former president of the Service Employees International Union says that we in the USA “worship the free market.” It is this misplaced adherence to “free market fundamentalism” that puts us at a disadvantage vs. China.
What free market economy is he talking about? I sure don’t see one in the United States.