Economy: page A12: A public fix for health care need not abandon the market i.e.the private sector. Such rationale is the same as my previous blogs to describe the American economy: Private sector and public sector or vice versa as the proper way to describe the economic systems of nations.
In "Hua Qiao Ri Bao" i.e. Overseas Chinese Daily,Feb.23, 1982. That was more than 27 years go, I made comments about New Federalism to celebrate FDR's centennial birthday and the neglect of human capital. I have been submitting my blogs aprops of human capital recently in 2009. As an economist with focus on human capital,I do hope that human capital should be utilized properly in USA and in China otherwise there will be wastes of human resources.
Paul Volcker,former FED chairman and now a key economic adviser to Obama, writes the foreword to the book,"Innovations in Human Resources Management": Getting the Public's Work Done in the 21st century(M.E. Sharpe Inc., 2009) His report insisted on revitalization of the public service in 2003.
President Obama, to his great credit, is encouraging people to engage in voluntary public service. Here is the common ground of Sino-American economics. Obama believes that change really comes from the ground up, not from Washington. In other words,people are the movers for changes in America. That would mean: People's Republic of USA to share similar name as "People's Republic of China" Food for thought for two great nations in the 21st century.
Francis Shieh aka Xie Shihao on April 11, 2009 at 2.48 p.m.
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