Obama Adviser, GE CEO Immelt: China's Communism Works Just Fine

There are stories that give me the feeling that I’m less of a pushback against the leftist/media than I am just chronicling the inevitable. This is one of the latter stories.


The chairman of President Barack Obama’s job council has endorsed China’s style of crony capitalism, saying “state-run communism may not be your cup of tea, but their government works.”

Jeff Immelt is the dual-hatted chairman of the President’s Council on Jobs and Competitiveness, and of General Electric, a huge company with businesses in many domestic and international sectors, including China.

He used a Dec. 10 television interview to suggest that China’s type of state-run capitalism has been great for business while lamenting the state of the American economy.

Chinese politicians and bureaucrats choose which companies — such as G.E. — get contracts. The plans ”typically makes sense in the Chinese context … they’re driving environment, they’re driving company reform, they’re driving consumer reform,” he told [host Charlie] Rose.

“They get things done,” Rose responded.

Big media, big business, big government. One. Big. Happy.


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