Federal reserve admits total defeat

The final clause of this (run-on) sentence should not be ignored.

It would appear to imply that some are so naive as to assume that the heads of big corporations must be altruists, who will "do things that benefit the country," out of the sheer goodness of their hearts.

I am aware of no one who believes any such thing; which you have (rightly) described as "ludicrous."

What we do believe, however, is that corporate chieftans tend to do whatever they perceive to be in their own (and their major shareholders') best interests; and that this can dovetail quite nicely with the public interest. For instance, if corporate taxes are kept low, regulations left minimal, and the outlook is fixed for the foreseeable future, corporations are likely to expand (and therefore hire more people) than they are if the opposite is the case...

 

Surprisingly, for some reason, everyone thinks that China is a very successful country and China has put the world in (*)(*)(*)(*).
In fact, China is a country where a lot of Cheap Labour's People . China is currently seeking to retain this advantage. Not long ago, Japan and China have abandoned the dollar in mutual trade.

 

More likely it will be Global Cannibalism. Eat the weak.

 

"successful" ???? China has a GDP per capita of $8,400 compared to Taiwan with gdp per capita of $37,900. And