March 15, 2012

I Don’t Think Either The United States Or China Does Capitalism All That Well

First of all, I don’t think either the United States or China does capitalism all that well. America did capitalism a lot better in the 19th century than China does it now, but today, China does it better than we do. Though both countries have far too much government involvement in the economy, we have more. They’re Communists, supposedly, and we’re not, but our government screws up our economy more than the Chinese government screws up its. - in Slate

Related, iShares Russell 2000 Index ETF (IWM), iShares FTSE/Xinhua China 25 Index ETF (FXI)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

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