Romney joins Bachmann and Coffman in pointing to China as winning practitioner of capitalism
If three is a trend in politics, then we’ve got a trend going of GOP politicos pointing to communist China as the modern success story of capitalism that America should emulate.
First came Rep. Mike Coffman who wrote in May that China has “enjoyed sustained economic growth based on the free market principles that we have long abandoned in favor of the redistributionist policies of a welfare state.”
Then in November, Michele Bachmann said, essentially, that China is growing like crazy because it lacks America’s Great Society programs, which she’d dump.
And now yesterday, according to a tweet by AFP reporter Olivier Knox, Mitt Romney held up China as a place where people are getting rich on the free enterprise and capitalism, while, by implication, Americans are watching on the sidelines getting poor.
OKnox Olivier Knox
Romney says China is getting rich on “free enterprise and capitalism — not exactly how we practice it.” Hmm. “Not exactly”? #fitn
One wonders if China guided Romney’s thinking when he was at Bain Capital.
In any case, in the old days, three examples of something made it newsworthy. Today, due to the depleted press corps, it takes nine examples to make news. But in this case, given the stakes involved, let’s go back to the rule of three.
The emerging GOP view of China as the (at least partial) model capitalist state is news. Reporters should find out what exactly the aforementioned GOP leaders like about Chinese “capitalism” and what they don’t. And how do they propose make American capitalism look more like what they have in China.