busenbust
^^^^
http://www.salon.com/technology/how_the_world_works/2011/06/14/tim_pawlenty_and_china/index.html
Nice article i thought -- short but true.
Nice article i thought -- short but true.
Tim Pawlenty's silly China envy
The reason why the U.S. will never grow as fast as the Chinese economy is simple: We're already rich.
The funny thing is, there are things that China is doing that the United States could stand to imitate. We should be investing more in education and infrastructure, for example. We should be subsidizing renewable energy and high-speed rail. We're not going to duplicate China's growth rate, but we could probably have some positive impact at the margins.
Unfortunately, it's kind of hard to figure out how to ramp up education and infrastructure investment (much less simply fix the roads and bridges that are currently crumbling) if your plan is to radically cut taxes and government spending. That's not exactly the China model.
