Author Topic: Elizabeth Warren Compares USA Unfavorably to China  (Read 150 times)

Offline Ted S

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Re: Elizabeth Warren Compares USA Unfavorably to China
« on: August 01, 2012, 12:56:21 pm »
It's a campaign ad.  It's not an off-the-cuff remark.

In the 30 second ad she says that China spends 9% of its GDP on "infrastructure" and the USA only spends 2.4%.  This could be misleading for a couple of reasons.

1. China only recently discovered the free market economy whereas the US has been practicing free market principals since the beginning.  Since the free market causes civilization to advance much more quickly than centrally planned economies, the USA is much further down the "infrastructure" road than China and therefore our needs are less.  Or to put it a different way; China is building lots of brand new roads while the US only needs to pave existing roads.

2. What exactly is "infrastructure?"  In the USA it is various types of connectors that taxpayers pay for.  Are we sure China doesn't label other types of construction "infrastructure?"  This could be an apples-to-oranges comparison.

The takeaway for me is if I want the USA to spend like communist China I should vote for Elizabeth Warren.