Thursday, December 5, 2013

The Chinese Are Becoming More Capitalist

The Chinese are becoming more and more capitalist. It`s very interesting that they said the markets are going to be the final arbitrageur, not the bureaucrats, not the government or anything else. In America, its exactly the opposite. The government says when there is a problem, "We will decide". Look at Obamacare. The government says, "We will figure out the solution." In China they say, "We will let the free markets, the open market decide." I much prefer the chinese system of more free markets than ours with the government dictating everything.

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).