On the recordSeptember 4, 2007
We have before us, really, two competing economic systems that are playing out essentially. We have our system, which has a very high view of the individual, free people making free decisions within a free market. That is the great strength of the American system. We show great deference and great respect to the free market on balance. China, however, is in some sort of transition right now, where they've not had that high view of the individual. They've not had that high view of the free market, and they're beginning this process of more or less dabbling in it. This is the call for them to stop the dabbling, as it relates to the financial services sector, and to fully embrace those things, those concepts that they propound around the world.
Source
govinfo.gov




