Page A18: Economist Mancur Olson's explanation: How democracies are vulnerable to proliferating parochial interests that use government to claim an ever larger share of private wealth. Economic success does not depend on natural resources and locations as much as on the degree of stupidity of the policies and institutions.
The 2009 debate over labor in USA remains to be seen apropos of the social market economy. I would call such "the expansion of the public sector in case of present financial crisis under the private sector as the main engine of the US economy."
Page B3: Chinese group could deliver 18% stake in the Australian mines. Such is a reference for US mining sector.
Page 8B: Entrepreneur opens doors within China. Alibaba.com founder MA uses web to connect, transform businesses. China is the land for businesses as the right direction in the 21st century.
Yale University Economic Review March-April 2009 issue on page 21: Obama praised economist Lawerence Summers as a thought leader who has urged us to confront the problems of income inequality and the middle class squeeze. Such is the reality today. Obama would not appoint a more competent group with trust and competence.
I would support President Obama for his insights to change America.
Francis Shieh a.k.a. Xie Shihao on March 16, 2009 at 3.36 p.m.
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