When it comes to China, the numbers are really amazing. The Asian giant has the fastest growing economy in the world - an average of 10 percent growth per year for the last 25 years. In contrast to when we grow in the United States by only three per cent, our economists should that good news.
In fact, China is growing so quickly that it expects to build a city the size of New York City every year for the next twenty years. According to World Bank more than 600 million people out of poverty have been considered the past quarter century. For example, 53 percent of the Chinese in poverty lived in 1981. The poverty rate to only 8 percent had decreased in 2001.
Meanwhile, just in case, you have questions were where one almost bankrupt America gets the money to fight unnecessary wars and bailout banks and the automotive industry; the answer is China. The Communist leadership of China's belong to the world's largest buyers of U.S. Treasury bonds and other debt instruments. Before our current economic crisis is over, we will light the Chinese about one trillion dollar debt.
Black America is in stark contrast to advancing China. The Census Bureau (2007 figures), African Americans have the lowest median household income in the nation. Even native Alaska (we call people usually Eskimos) have a higher median household income than we. The reason for the income gap is our lack of business ownership.
According to the small business administration, Blacks have the lowest "business density" (number of enterprises owned per 1,000 people) in the nation. This means that we only economically grow can when some other racial group engaged in for-profit companies and then decides to hire us. Simply put, are we slaves for entrepreneurship of the other.
China is the global economic power that it is today, because 30 years ago, a short chain smoking, bouncy revolutionary named Deng Xiaoping, fought his way to the leadership of the Communist Party and declared that it was time to break with the old ways of doing things. He told a country where wealth as an evil was considered, that "be rich is good."
Deng broke with the stifling Stalinist ideology of the Communist Party founder Mao Tse-Tung and told his people depending on Government had to stop and you had to build-for-profit companies raise China's, then 800 million (now 1.3 billion) People out of poverty. Shared (or more according to "forced") in to rethink, enterprising ways that the Chinese responds by building an economic powerhouse that is currently projected to overtake the United States by 2050 or earlier.
This is what we must do. Our lower classes are also dependent on welfare and handout. Only the poor are our middle classes are too dependent on "good" Government jobs and our rich little more than about paid entertainers and athletes, the intellectually disabled economic leadership and to help if it is to your tax advantage.
We have entered an environment rights period and now must fight for the rights of silver. It must fight an economic improvement primarily on more government handouts but instead on the building and growing companies aligned. Enterprise is the way in the future.
If we build and grow businesses, there is no difference, sits in the White House make. Dependent, we remain first raised disrespected and only scarce on poverty live.
About the author: Robert Taylor is editor of the National Black news journal. See more of his news and insightful writings on http://www.freewebs.com/blacknewsjournal/. You can subscribe to for free and receive weekly news and commentary.
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