Why China is spanking us Economically...

Even as the rest of the world is deep in an economic nightmare, China is not only surviving this recession, their economy is continuing to expand and grow. How are they doing it?

China is a communist state in which basically everything is controlled by the government, and they are doing an amazing job of using this power to their advantage economically. Under this system of total control from the authoritarian rule of President Hu Jintao, everything is closely regulated so the country can be the most efficient economic powerhouse it can be.

However, the true secret behind the success of the Chinese economy lies within their policies. A large majority of the population in China is extremely poor and does not make a lot of money, and therefore they consume little, save much, and help produce a bunch for exports to other countries, such as the U.S, in which most people consume massive amounts of goods, and therefore are constantly borrowing and making China richer.

Overall, the authoritarian run government may be cranking out massive amounts of product and raking in some serious dough, but when the trade off is to live under the total control of the Chinese government as opposed to the promise and opportunity of America, is it really worth it?