:minimalist

Saturday, October 25, 2008

 

The following two statements are found on the same page of this week's The Economist:

In a speech to the European Parliament in Strasbourg Mr Sarkozy suggested that governments should take shareholdings in big companies and that Europe should set up the equivalent of sovereign-wealth funds to deter foreign predators.

And:

China's Communist Party revealed details of reforms intended to make it easier for farmers to transfer land and consolidate landholdings. But the reform stopped short of changing the "collective" ownership of rural land or allowing farmers to mortgage their land and houses."

So in other words... Europe is becoming more communist and China is moving away from it. Perhaps someday we will have the Great Western Socialism while Capitalist China's economy chugs away happily.

bananna 9:57 AM  |