Dear DUmbshit,
I'll pose to you one question I heard whilst channel surfing tonight. China currently holds most of our foreign debt. How can they possibly do this? Simple, when your economy is growing at 10-12 percent per year. But why is their economy growing by leaps and bounds? Very simple, and can be expressed in three little words:
FREE. MARKET. CAPITALISM.
Oh, make no mistake--from a personal standpoint, China is as repressive as ever. Economically, however, they realized that the Soviet-style economic plan was complete and total bullshit, as was anything anywhere near it; i.e., socialism. This is why they are now the second-largest economy in the world, and if current trends continue, will likely be the largest in 20-25 years, if not sooner. Even the commies know you can't tax capital gains at the rates our government does and still hope to prosper.