GE CEO Immelt praises China's Communist form of government: "It works"

[midnight rambler]

Oh yeah, feel the love -

http://www.weeklystandard.com/blogs/immelt-communist-china-works_665280.html

[midnight rambler]

bump for crucial info

[chad]

i guess it probably does work when you can take anyone you don't agree with and shoot them in the head, and then harvest their organs. probably not a great system of government in the long run, though.

[madfranks]

It works if you're one of the owners or the elite. If you're not, well, no chance for you really.

[osoab]

The chairman of the President Barack Obama's Council on Jobs and Competitiveness, Jeffrey Immelt, the CEO of GE, praised China this morning on CBS:

"China is changing," said CBS host Charlie Rose. "It may be being stabilized as we speak. What does that mean for China and what does it mean for the United States? Should it change expectations?"

"It is good for China," said Immelt. "To a certain extent, Charlie, 11 percent is unsustainable. You end up getting too much stimulus or a misallocation of resources. They are much better off working on a more consumer-based economy, less dependent on exports. The one thing that actually works, state run communism a bit– may not be your cup of tea, but their government works."


Funny he brings this up to a CFR member.

GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace (http://theeconomiccollapseblog.com/archives/ge-ceo-jeffrey-immelt-the-head-of-obamas-jobs-council-is-moving-jobs-and-economic-infrastructure-to-china-at-a-blistering-pace)


11% is unsustainable to a "certain extent"? I'll have what they are putting into this guys water.