America’s Financial Meltdown and China’s Sick Babies

Isn’t it an odd coincidence, that these two economically and politically large nations have been hit with crises in the past weeks that were due to pretty much the same thing: market greed and government neglect?

Now the US Treasury in America is effectively taking over the financial markets and the national government in China is having to overhaul their entire dairy industry — not to mention anything with “Made in China” attached to it.

As a small-l libertarian, it’s odd to see, that perhaps there is a place for “big government” in the free market — when that free market goes horribly and harmfully awry.  But of course, it would be better if some regulation that were supposed to be in place — which my tax dollars were paying for already! — was actually WORKING.

America and China.  What strange bedfellows — analogically, at least — they have become these days.


About lizardqueen

If single-mothering were a paid job, I'd be rich. However, it doesn't, so I write (which doesn't pay the bills) and teach (which does). I'm overly-educated in the liberal arts, but that doesn't hinder my ability to be pragmatic and realistic. YAY.
This entry was posted in History & Currents Events, LQ POV. Bookmark the permalink.

One Response to America’s Financial Meltdown and China’s Sick Babies

  1. convivialdingo says:

    It’s very true.

    China and Japan are really backing the US throughout this soon-to-be recession. They’re holding the bag on over 1T dollars in government bonds.

    I don’t believe the government should nationalize(effectively) these big financial institutions – but they should pick them up and chop them up into separate companies.

    As of now – there’s too much riding on these institutions, hence why we have to prop them up.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s