Photo taken on Oct. 15, 2007 shows the opening ceremony of the 17th National Congress of the Communist Party of China (CPC) in the Great Hall of the People in Beijing, capital of China. The congress will last for seven days till October 21. (Xinhua/Li Tao)
China Mocks U.S. Political Model -- Washington Times
HONG KONG — Chinese political and business leaders are increasingly triumphant after two decades of rapid economic growth that lifted unprecedented millions of people out of poverty and turned the nation into an economic superpower, saying their success proves its political and economic system is superior to the Western model.
In extensive talks with a series of Chinese leaders, an oft-cited point of criticism is the gridlock and “dysfunction” they see in Washington. They say fawning by U.S. political leaders seeking re-election has created an “entitlement culture” where the public has grown dependent on government largesse. Now, with the United States facing monumental economic and debt problems, the political system has been unable to curb generous entitlement programs or counter the economic downturn.
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My Comment: With how we have handled our public finances for the past few years .... running up unsustainable deficits and crippling tax rates .... Chinese political and business leaders have every reason to be scoffing at us.