The United States is borrowing a page from Red China. China has adopted a model that includes both free enterprise and government control. Red China actually is copying the American model that was partially implemented by the United States until President Ronald Reagan said “government is the problem.” Ronald Reagan was wrong.
Reagan’s impact lasted until the election of Barack Obama. The dismantling of many laws put in place after the Great Depression has caused the Great Recession.
The economic model that works best is one of both government and private enterprise working in unison to provide for continued moderate growth without creating a super wealthy class and reducing poverty.
Republicans and conservatives will fight the intent of this course because they believe it will destroy the nation. They are wrong. The United States is a consumer driven economy that is based upon the purchase of product. It cannot thrive without employment of most people at salaries that enable that continuing purchasing power. The public correctly objects to CEOs earning 200% to 300% more than the average wage earner.
The government’s investment in companies like Fisker Automotive is the kind of step that the Chinese government makes to improve society by employing thousands of people.
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