Breakingviews

Your picture of China is unreasonally black. While it is true that China is facing many problems, but you have failed to see many other factors taht have contributed to China’s success and these factors might be the ones that contributed to the failure here in the U.S.

These factors include (1) people who grow up after China opened her door, who have been exposed to outside ideas and who are the force for progress and for perpectuating the progress China has thus made; (2) education. While the myth has been like this — Chinese students are good at book learning and not as innovative and creative as western students. But one of the PISA test (2009) results demonstrate the quality of Chinese education, which has been nourished and supported by families. While education has always been the strenght in Asian countries, the U.S.-led western world more and more show declines in their education achievement, especially in U.S. which leads it more and more unable to fill its high-tech labor market. (3) Hard work ethic. Compare to the U.S. China has a lot less social parasites living on the wellfare of the states and the government. Chinese people, no matter who they are, are praised and famous for their hard work, which will turn into high productivity. On the other hand, in the U.S. with the jobs shipped overseas, there is less and less productivity as less people produce value. A country cannot expect grow through consumption. Imagine what it is like when all goes to consume and nobody produces?

The so-called Tea Party began and remains a grass roots movement that demands our government stop giving away hard-earned dollars our citizens pay in taxes. Why should anyone be forced to throw hard-earned dollars down a sink-hole? The national budget is or should be a means of announcing agreed-upon priorities to tax payers. The fact we don’t have a budget tells our citizens we don’t know our priorities for beneficial use of tax dollars. Political smoke can’t cover the mirrors politicians use to castigate one another. Blow away the smoke by passing a budget that clearly documents the priorities of our representatives in congress. Oh, yes. Then stick to the budget or change it publicly. If we agree with your priorities, we’ll supply the tax revenues to fund them. If we don’t agree with your priorities, we won’t keep sending you to represent ours. At least that’s the way it should work.

India’s current political environment is complex and in a sense is very fragile. Reason, there is no single large political party in the country. Every key reform the ruling government tries to pass in the parliament is being objected by the opposition parties, more worse by its own coalition parties.

I haven’t heard of a country having so many political parties like in India. Political parties are most corrupted in the world. A tough journey ahead for India. I could easily take a century for India to become the CURRENT China.

No political stability eventually leads to economic downturn.