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"They also cannot force corporations and consumers to spend. Since China isn't a democracy, it doesn't suffer these problems." This article is full of stupid s
by jhancock 17y ago
"They also cannot force corporations and consumers to spend. Since China isn't a democracy, it doesn't suffer these problems."
This article is full of stupid statements like the above. A democracy can do whatever the voters tell it to do, including telling banks to make loans or not make them, including dissolving corporate structures, including redefining corporate person-hood. There are _some_ limits imposed by the constitution, but even those can be dealt with.
China may or may not have economic failure on the scale the U.S. is dealing with. At the moment its really hard to say. This article contains little to prove the author's thesis.