Is China the Real Capitalist?

Looks that way.

How are they responding to the current economic slow down. Cutting business taxes.

"CHINA may soon cut business tax as part of its efforts to prop up the slowing economy amid the global financial crisis, state media reported on Tuesday.

The government is 'very likely' to soon cut the business tax for enterprises by one percentage point, the China Daily said, citing an unnamed source close to policymakers"

By comparison our solution is to effectively nationalize corporations:

"Detroit's automakers may soon be answering to a powerful "car czar," who would dole out short-term emergency loans like a kid's allowance, put them on a restructuring diet and hold veto power over any transaction of more than $25 million."

and

"The designee would have the power to "examine any books, papers, records or other data" of the companies and those of any subsidiary holding more than 50 percent of the automaker. Private equity firm Cerberus Capital Management LP owns an 80.1 percent stake of Chrysler."

How is this not nationalization?

We have the commies doing what needs to be done here: lowering the confiscatory burden of the government from struggling businesses, lowering the burden of the government on the people, and injecting liquidity into the markets. If we are just going to deficit spend to the tune of $700+ Billion why not just cut taxes on those that employ Americans. I'm not against spending but lets not kid ourselves. The government screws up most of what it does. Let the companies and individual Americans spend the $700 Billion.

What an embarrassment. We have to look to China for creative market oriented solution.