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Sunday, January 23, 2011

Is America Too Corrupt to Keep Up? David Sirota, Truthout

: "A sovereign nation investing its wealth in its domestic economy seems like a no-brainer, especially during a global recession. But in this crazy age of American politics, even that has become a controversial notion. This is the subtext of a dispute that simmered beneath the pomp and circumstance of this week's U.S.-China summit.... China's industrial policy success carries a basic lesson: When a nation couples public spending with incentives that encourage domestic corporate investment, an economy tends to grow its own wealth-building industries. That's simple enough to understand, right? Evidently, not within our own government."
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