China Competing for Capital Get It
Monday, August 29th, 2005John Rutledge, our favorite economist, in his blog 8/24/05 points out that China seems to be economically awake while the USA is half asleep. But, our Hawaii is deeply, peacefully napping. Hawaii will not compete for capital until our leaders accept the fact that such must be welcome. Higher taxes and more useless, feel good regulations impede creativity and risk taking. Uncertainty drives capital away. Results of a passed Akaka bill are uncertain to the max. The only reason we are not yet seeing negative results is because most rational observers believe the act is silly and doesn’t have a snowball’s chance in hell. Once they really understand the genuine danger, look out! And when they realize that Hawaii’s government is failing to challenge and discipline the tiny, noisy hate America, hate the US military faction, the capital funds will flee as well as fail to come. And, our talented young people will be on the way to greener pastures.(ror)