Russia and China Are Facts of Life, by Robert Gore
Communism destroyed the Soviet Union and would have done the same to the Chinese government absent its dramatic adjustment in ideology under Deng Xiaoping, leader from 1978 to 1989. Russia had a difficult decade after the fall of the Soviet Union in 1991, but Vladimir Putin, elected president in 2000, has sparked a transition that in its own way has been as dramatic as China’s. While there have been setbacks, since the turn of the century, both countries have been ascendant.
Even prior to the turn of the century, the U.S. has gone the other direction. Its industrial base, so dominant from World War II through the 1960s, has been hollowed out. The FIRE sector (Finance, Insurance, and Real Estate) has increased its share of the GDP. This sector is based on transfer payments, not production, and is supported by what remains of productive manufacturing. Government, law, accounting, and the medical and educational systems can be characterized in the same way.
Because it exercises coercive power, government has been particularly pernicious. Local, state, and the federal government command over 40 percent of the GDP, and almost all of what they do is counterproductive. They are the parasites killing the host. Perverse, predatory, and destructive ideologies pervade government and its affiliated institutions. Productive Americans and business are smothered by an ever expanding body of laws, regulations, taxes, liabilities, and an exponentially increasing federal debt, which is driving interest rates higher.
Source: https://ncrenegade.com/russia-and-china-are-facts-of-life-by-robert-gore/
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