China, companion or competitor?

On Tuesday President Obama met Xi Jinping the upcoming leader of China. While Jinping was at the White House President Obama was more than vocal on how he envisioned China's role on a global scale. Obama added that with an increase of prosperity and power so to comes greater responsibility. Everyone knows that the Chinese economy depends on a healthy US economy and visa-versa. Doctor Benjamin Barber, senior fellow at Demos, gives us his taken on the Chinese-American relationship.

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[MyGuillory]

Lets hope. Good Luck to China

[MyGuillory]

I have done some more research and the situation in China does not look good. If they base their sucess on a low currency it will not last. As soon as China collects the money owed its currency will double in value and there will less to zero factories left in China.

[MyGuillory]

Obama and the current government wants China to add more value to their currency so the trades will be better for America. I would not do a thing if I was in control of the Chinese government.

[408Magenta]

Obama lost his telepromter. I couldn't understand what in hell he was getting at and going. What are the rules of the road? Is he referring to banksters??

[mweibleii]

If we let the big businesses fail, AND let people feel the real pain of their apathy and support for those big monopolies THEN perhaps people will learn to support diversity in business and markets.

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Case in point: Big Banks. Most people still have not migrated to small local banks and so the too big too fail continues to grow. THAT is a problem with people not having felt the pain because government stepped in - teaching people NOT to support diversity in markets.

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The problem IS government.

[Benjamin Yan]

Why do people confuse socialism with dictatorship, and capitalism with democracy? A country can adopt socialist policies while maintaining a democratically elected leader, just as it could adopt a capitalist market while being controlled by a dictator. As far as I'm concerned, mass murders have always been incited by dictators, not socialist economic policies.

[Kukainis]

socialism is evil, no question about it, but why do you say Russia is a socialist state ? It never has been. USSR was.

[Tony Wong]

 agree