As economy fails, Nobel Prize still favors US

0 Comment(s)Print E-mail People's Daily, December 14, 2011
Adjust font size:

Two U.S. economists were recently awarded the 2011 Nobel Prize in Economics at a time when the U.S. economy was facing difficulties and the "Occupy Wall Street" movement was spreading like wildfire across the country.

Fifty out of 69 winners of the Nobel Prize in Economics, which was introduced in 1969, are Americans. The U.S. economy has been plagued by financial and debt crises over the past five years, causing great damage to the world economy, but Americans still make up over 90 percent of all the winners of the prize. This phenomenon deserves special attention.

Is the Nobel committee's preference for American economists fair? Today's American-style capitalism has become finance monopoly capitalism, in which financial magnates control the country's economic and political affairs, and real economy has been disconnected from virtual economy. The real economy has been hollowed out, wealth is highly centralized, and unemployment remains high.

American economists have not worked out any effective solutions to these problems as well as the financial and economic crises. Even the two economist who won the 2011 Nobel Prize in Economics for their research on the cause and effect of government policies on the broader economy do not see any simple solutions to global economic problems.

Given the above facts, it is unconvincing to grant the prize to so many Americans. From the Nobel committee's bias in assessing winners of the prize in other categories, it is not hard to draw a conclusion that they are partial to U.S. economists because they favor the capitalist system and theories of the United States.

In order to whitewash the flaws in the capitalist system and theories, the Nobel committee mainly made up of Westerners has chosen to ignore the obvious and has deviated from the path of objectivity and fairness.

Facts speak louder than words. A theory's potential for practical application should be the final criterion for determining if it is scientific. Let us look at the economic development situation of China since its reform and opening up from this point of view.

Over the past 30 years or so since 1978, China's economy has maintained a GDP growth rate of higher than 9 percent and has become the world's second largest economy and top exporting country at the moment, with its foreign exchange reserves ranked first in the world.

In recent years, the contribution rate of China's economic growth to that of the world has been beyond 10 percent. Practice is the sole criterion for testing truth. China's sound economic development proves its theory and polices are scientific.

Since the Third Plenary Session of the 11th Central Committee of the Chinese Communist Party, China has opened up the road of socialism with Chinese characteristics, formed the theoretical system of socialism with Chinese characteristics and established socialism with Chinese characteristics through hard exploration by all ethnic groups under leadership of the Party. We cannot form this unique "Chinese style" and win the Chinese people's wholehearted support without the direction of these innovative theories.

China is also regarded as "a powerful engine driving the growth of the world economy" and "the leading role of the most significant economic revolution in human history." For this matter, the socialist economic theory with Chinese characteristics is undoubtedly scientific and should play a part in the theoretical framework governing the world economic system. Only praise from the people is a real prize and only a theory capable of directing people's practice is a real scientific theory.

We must admit that the Nobel Prize, as a great internationally-renowned prize, played an important role in promoting human civilization and progress in the history. However, some practices in its social prize items have been questioned in recent years, and the authority, fairness and influence of these prize items are weakening.

We clearly know that our theoretical and practical explorations and innovations are not aimed at flaunting ourselves or winning the prize. No "big international prize" will distract China from its own business or weaken China's confidence on the development road and mode it has independently chosen.

As long as China persists on and further widens its socialist road with Chinese characteristics, enriches and develop its socialist theoretical system and adheres to and improves its socialist system, China will definitely be able to realize the great rejuvenation of the Chinese nation and make new contributions to human civilization.

 

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 性孕妇video国产中国| 最新国产精品自在线观看| 午夜精品乱人伦小说区| 高h视频免费观看| 国产精品久久久久久一区二区三区| a级国产乱理伦片在线观看| 扒开粉嫩的小缝喷出水视频| 久久这里只精品| 欧美亚洲国产日韩电影在线| 亚洲精品国产啊女成拍色拍| 男女污污在线观看| 十大最污软件下载| 色偷偷成人网免费视频男人的天堂| 国产在线视频凹凸分类| 亚洲va久久久噜噜噜久久| 波多野结衣亚洲一区| 免费成人在线电影| 精品国产综合区久久久久久| 国产ts人妖系列视频网站| 青青青手机视频在线观看| 国产成人综合日韩精品无码| 1000部拍拍拍18免费网站| 国产精品揄拍100视频| 69av在线播放| 国产韩国精品一区二区三区久久| 99精品在线免费观看| 天天综合日日噜噜噜| www国产无套内射com| 小婷的性放荡日记h交| 东京一本一道一二三区| 成人观看网站a| 中文字幕日韩一区二区不卡| 日本xxxx18护士| 久久久久无码精品国产app| 日韩a毛片免费观看| 久久精品午夜一区二区福利| 日韩精品午夜视频一区二区三区| 亚洲V欧美V国产V在线观看| 橘梨纱视频一区二区在线观看| 亚洲一区二区三区在线| 欧美xxxx极品|