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Books : The End of Free Markets

1. In 2008, there were over 60,000 multinational companies

2. State enterprise use money to destroy competition from small and medium business

3. 51 of the 100 largest economies were corporations, 49 were countries.

4. Tariffs and trade barriers have dropped 80 percent over the last two decades

5. In 2000, direct foreign investment was $1.4 trillion. Multi national companies were going global to drive down costs and target new customers.

6. State own enterprise must answer to political masters and not shareholders: china national petroleum corporation, petro china, sinopec, petrobras, Pemex, Rosnef, and gazprom.

7. In 2008 there were 117 state owned enterprises in brazil, china, India, and Russia. 239 companies from the us, Japan, and Germany fell of the Forbes global 2000 list. State capitalism empowers political tyranny by creating monopoly barriers and eliminate competition through unfair aid. State capitalism can only survive in a totalitarian political system.

8. 3 of the 4 largest banks by market capitalization are owned by state owned enterprise.

9. The richest countries support free trade system. Free trade system is moral and allows rejection if not satisfied. The exchange of goods is based on free will. Taxation is forced acquisition of money.

10. There is no indication the state governments regulate economic activity better than market forces do.

11. Companies that practiced state capitalism profited from government injections of short term capital.

12. American free market capitalism will win a clash over chinas state capitalism.

13. State owned enterprise enjoy privileged position for contracts. The state plays the lead role economically and gains politically power from its monopoly. Government uses regulation to amass wealth and power at the expense of other countries.

14 mercantilism goal is to acquire precious metals and keep trade imbalance to a minimum. Merchants use tariffs, taxes and quotes to reduce trade deficits. State capitalism is 21st century Mercantilism

15. Will a new fab lab innovation allow personal industrialization of energy, food, and products removing more state capitalism barriers?

16. China has made a shift from left to right

17. Eastern Europe has move right to meet the demands of the free market European Union

18. Should trillions of dollars of shadow us bank accounts become public? If tax payers bailout large banks should the taxpayers be entitled to the shadow account disclosures as a matter of public interest?

19. The ministry of international trade and industry not to convert Japan into a command economy. Japan is a free maker economy: yen floats, trade has been liberalized, and international monopoly barriers dropped.

20. Sweden, Norway, Finland, Denmark, and Iceland have reduced poverty to low levels

21. Russia and China do not want to return to a communism form of government. Instead, Russia and China want to keep as much control as possible through an authoritative government form.

22. The us exports 36 percent of the worlds oil

23. Peak oil production in 1970 represent the collapse of the dollar, a shift off gold, and an start of fiat currency. Oil production will not decrease into 2030 and remain strong until 2050. By 2025 there will be 1.25 billion cars in the world.

24. 3/4 of the oil reserves are owned by national oil companies: Armco, gazprom, cnpc, Nioc, pdvsa, petrobras, Abu Dhabi, Kuwait, and petronas.

25. In 2009, Chinas investment in Africa exceeded $100 billion

26. In 2008, sovereign wealth funds were believed to have $4 trillion in assets

27. The state still owns 40 of India's largest companies, 200 companies in all. India needs to let free market reform remove the corrupt layers of the old cast system. India should cut subsidies and reform welfare.

28. India deficit spends even during periods of prosperity. India can not compete with China projects due to large amounts of financial assets.

29. India politicians are more interested in welfare programs that aid voter support than in engaging in reform and economic development.

30. India railway employees 1.4 million people.

31. Shenzhen and Guangzhou have become manufacturing powerhouses

32. Chinese National Industry depend on state owned enterprise for food, housing, and social benefit

33. China joined the World Trade Organization in 2001

34. China’s state capitalism begin with the State Council

35. China believes it must assert heavy control of its banks to spur growth. 3 out of 4 state owned banks have been converted to free market banks where the state maintains majority voter control

36. China has laid off 50 million employee since 1990.

37. Chinese companies have invested in Canada, Kazahkstan, Brazil, Venezuela, Ecudor, and Argentina

38. China has $2 trillion in foreign reserves

39. In 2008, direct foreign investment in China was $92.8 billion

40. In 2007, the China Investment Corporation (CIC) was formed with $200 billion in assets China has allowed state controlled but privately owned companies.

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