Bad news for Obama. Capitalism is thriving in "other" world.

Editor's notes: the world at large is beginning to "dig" capitalism. The article below, from Investor's Business Daily, claims 3 billion new jobs due to capitalism in China, India and the Soviet block countries. This is confirming news for capitalists and bad news for the Keynesian economists the world over -- especially Obama. Not good news for America, either, unless Obama wakes up to the error of his ways and begins to do what needs to be done to stimulate private economic creativity. He knows little as to productive hard work, real job creation, absolutely nothing about conflict resolution and ditto for administrative strategies. The Darling of Chicago politics has never had to deal with systemic criticism. He needs to turn off his pissy attitude and his Jeremish Wright bias towards the "white corporate world" and start acting like a president or we are all in for more hart times. --- jds.

IBD: . . . . . . .Before the recession, 3 billion new capitalist producers rose out of the geopolitical and ideological currents related to communism's decline and eventual collapse. China, India and nearly all the former Soviet bloc nations, plus parts of Latin America, junked state-run economic orthodoxy and unshackled their companies and workers, adding tremendously to worldwide output.

Since 1990, for example, China's output has risen by a factor of five for washing machines, six for steel, eight for color TVs, nine for mobile phones, 250 for room air-conditioners and 1,000 for motor vehicles. A large share of this production has made its way to foreign markets as Chinese exports soared from $91 billion in 1990 to $1.1 trillion in 2008.

So far, the new capitalists have been viewed as competitors, putting pressure on U.S. companies and workers to become more efficient. But going forward the arrival of these new economic powers holds the promise of 3 billion new consumers. . . . . DEFINITELY READ THIS ARTICLE >>>>>