When Deng Xiaoping took over China in the late 1970’s, China was a very poor country. One of the first things that Deng did was to allow individuals to acquire and maintain property. This capitalistic approach started one of the greatest economic transformations in world history. More people in China have been lifted from poverty in a shorter span of time than ever before in human history. Half a billion Chinese citizens have risen out of poverty due to China’s economic swing to capitalist policies!
Republican Michigan Gov. Rick Snyder reminded us all today who actually controls his state by signing House Bill 5606 into law. The law emphasizes an existing state ban that prohibits car manufacturers from selling vehicles directly to consumers, but this new bill apparently adds more rules and regulations. Though it doesn’t mention electric car manufacturer Tesla by name, everybody grasps that they are the target.