10 May, 2014
Ron Paul: Why the U.S. is No Longer Number One | The Lone Star Watchdog
The American government pursues many of the same flawed policies as the Chinese. For example, because of the increase in regulations, subsidies, and bailouts, many American businesses are putting more resources into manipulating the political process than producing goods and services desired by consumers. Many big businesses even lobby Congress and the federal bureaucracy for new regulations on their industries. They do this because big business can more easily absorb the costs of complying with the new regulations that force their smaller competitors out of business.
China is regularly criticized by American protectionists for subsidizing its export industries. However, the US government does the same thing via programs such as the Export-Import Bank.
Read the rest: Ron Paul: Why We’re No Longer Number One | The Lone Star Watchdog.
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