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While watching the news the other day, a brief notice came across the screen attributed to Jeff Immelt, head honcho of General Electric and prime pal of the president: Says he, reportedly: "State-run communism actually can work," or something to that effect.
A blooper of cosmic proportions, to say the least! Immelt does not know what he is talking about--not having had the misfortune to see communism in action, as I did.
Immelt gives China as example of the stated nonsense. He may not know, I believe, that China's economic success is precisely due to its mostly abandoning Marxist tenets a generation ago.
The present economic climate in China is closer to Putin's Russia rather than that of such stalwart communist/Marxixt paragons like Cuba or North Korea. Immelt should read up some on the "successes" of communist regimes of yore before uttering unmitigated nonsense.
George J. Vanek