Reply to China Retaliates Against the U.S. With Its Own Higher Tariffs

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

No one claimed that the US is a pure capitalistic economy. All economies of the world consists of a combination of free market capitalism and centrally planned social programs. It's a spectrum where some countries have more of the free market component like the US, while other countries have more of the central planned component, like Venezuela. Then you have countries in the middle like those in the EU, and China. That said, the US is a substantially capitalistic country where the default position is for capitalism and social programs are implemented only when the people decide that it is necessary. This is as opposed to a country founded on socialism where the default position is a centrally planned effort. [/quote]

But didn't you "educate" us all [b]that China is socialist because the government owns everything[/b] and "selects" companies to succeed and US is capitalist because government doesn't own "private companies" but intrudes when it wants and "selects" which companies survive(MS,BoA,citi etc) and which don't(lehman bros among other banks). We simpletons are confused. Will you, the all knowing, please explain. [/quote]

No, I never said that. You can't fabricate things I didn't say. Go back and reread the thread if you are confused. It's not my job to explain to you if you have not done the basic reading needed to participate meaningfully. [/quote]

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