DailyMarkets.com - The Secret Document That Transformed China’s Economy With Private Property And Competition

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The Secret Document That Transformed China’s Economy With Private Property And Competition Posted: 21 Jan 2012 02:45 PM PST For this great NPR story I thank John Chilton, who writes by email that it’s “Just like the story of the Pilgrims whose economy was transformed when they gave up collectivism and the communal approach to farming.”  It’s a great story with economic lessons in private property rights, competition, entrepreneurship, and the triumph of the individual over the state, here are some excerpts: “In 1978, the farmers in a small Chinese village called Xiaogang gathered in a mud hut to sign a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reckless Endangerment: A Wall Street-Washington Incestuous Legacy And A MUST READ Posted: 21 Jan 2012 12:33 PM PST Years from now when people study what led to the greatest economic crisis since the Great Depression they will have plenty of material to review. This is good. Unlike our current era in which we clearly failed to learn from past crises, I hope future generations will not only study what led to our current crisis but then actually do something so it is not repeated. We have yet to begin that process. On that note, let's start right now to save our collective future. How so? If we are to save … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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