Necessary Rules

LARRY KUDLOW, well known conservative economist and television celebrity, is angry with mainland china for breaking the rules. American conservatives were at one time angry with china for far more dramatic, fundamental reasons, like being communist, not allowing free enterprise or private property ownership, or for that matter, free and open elections.

But now that china has seen the light and has joined the great global capitalist bonanza, the complaining is less ideological, more technical. The free and open elections still haven't arrived, but private property has, to the delight of the international capitalist movement.

Things change. In america we used to pronounce the capital "Peking". Now, its "Beijing". Apparently, that means we have improved. And all human collective activitly, including economics, socialistic or capitalistic, must have rules. Competition must have rules, cooperatively followed.

China is still the old heavy handed centralized government monolith, but these days is subsidizing corporations which are nominally in private hands, rather than maintainting outright government ownership. Business persons are getting rich in china, their gap between the rich and poor is growing, cars, household appliances, and electronic gadgets are proliferating, and exports, made with very insexpensive labor, are flowing unto all the world.

China has seen  enough of the material success of america, japan, and europe, and wants its fair share thereof. The chinese countryside is emptying out, and the cities are exploding with growth.

Larry Kudlow and the american conservative economic community might like to see the chinese government take its hands entirely off chinese industry, and allow it to sink or swim on its own merit, both in china and on the workd market, but that just aint gonna happen. They (the chinese) don't see capitalistic economics quite that way.

The chinese understand that international economic competition is dog eat dog, and they intend to win, even if it means brutally expoliting their own labor force, ignoring imports, and joining the Beijing government to the insustrial complex in a mutual push for eventual world domination.

Its a good sign that free marketeers like Larry Kudlow are quick to point out that we must have rules in free enterprise, that free enterprise can never be too free, lest it become anarchistic and chaotic, and that, if we're going to have a global economy, we must all, to some extent, cooperate.

Now the only problem is to get china to play by our rules, rather than theirs.

Bb

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