Replies to this have mostly been said in the other posts, but I think some insight needs to be given on China. Yes, they did have to open up their markets in order to compete on a global scale....but they are in dire need of government regulation in many areas. Within the next 10 years, if they do not develop an improved set of environmental and building codes, they are in trouble. While I have not been to China, the salesmen I work for are stationed there. Without some regulation in place, the quality of life of the Chinese is going to be far worse than it should be in such good economic times. Yeah, building and environmental codes will require oversight, and will cost business money..........but the point you miss in all of this is that more money does not really mean a better life for the voters.
I will watch your video, when I can get the link to actually work. Darn slashdot.
You might say you are not a republican, but your economic theory suggests that you are....even if you do not want to belong to the group.
I would suggest doing more reading on history, and less on politics. When a government steps aside and let businesses run the show....all nations have ended up in the situation we are in right now. I do agree with you about the inflation issue however.....but inflation is probably inevitable considering the debt we are carrying.
Our politicians, at least here in Wisconsin, are currently puppets for big businesses and getting every bill passed that they want. Do you think this has helped our economy? It sure has not helped the quality of our water supply now that businesses can dump phospherous again. And now they pushed a bill through trying to kill the small family breweries. The small brewers, family businesses, are going down hard. The list can continue for days here in Wisconsin. Again and again, ever since the Reps took over, big business has got the govt to step aside and give them full control of the state. I have traveled all around the country....the states with the strongest anti-govt stance are by far and away the most difficult to find a job.
I cannot find the source I was hoping to use, and this is not an original source.....but check it out. When the govt gets involved, good things can happen. When the govt steps asside......profits are pocketed.
http://blueworksbetter.com/PresidentsGDPGrowth