Capitalism is Alive and Well in China - US Children, Be Afraid, Very Afraid

The attached article, Capitalism is Alive and Well in China-Rutledge Capital, chronicles why our children must be afraid, very afraid, and stop playing so many video games. Basically, while we are watching reality shows like "Dancing with the Stars", the Chinese are making a show entitled "Win in China" one of the highest ranking TV programs there. Chinese entrepreneurs submit business plans for their startup ideas to an expert panel of judges. The winner receives $1.2 Million of venture financing, becomes the CEO of his (or her) own company, and retains 20% of its equity (not such a great deal by US standards, but who am I to judge Chinese venture capitalists). Over 120,000 business plans have been submitted.

Parents, we are in a global competition for capital and ideas. There is no natural law that says that the prosperity that generations of Americans have built into our economy cannot be dissipated, to the disadvantage of our children, as the velocity of global cpaital flows and innovation quickens. Unless we want our children to be economic slaves to Chinese children, we must redouble our efforts to educate our children to get serious and work hard, so they can innovate and compete.