[Congressional Record Volume 140, Number 64 (Friday, May 20, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: May 20, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
               TEACH CAPITALISM HERE IN THE UNITED STATES

  (Mr. STEARNS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. STEARNS. Mr. Speaker, having had the privilege to hear the Prime 
Minister of India speak before Congress 2 days ago, we should all take 
a moment to reflect on how this country can best take advantage of the 
opportunities opening up throughout the world.
  As the free market struggles to take hold in many countries like 
India that formerly relied on state-dominated economies, the United 
States has an opportunity to serve as the great academy of the free 
market.
  Rather than spend billions on foreign assistance projects of dubious 
merit, Congress can help to establish programs in our local communities 
that bring young entrepreneurs and business leaders to this country to 
learn first-hand how a large market economy functions.
  Some programs such as these already exist, and I believe that 
Congress should seek to expand these in the years to come. This would 
be one important step in moving our international policies from aid to 
trade. it would also enable us to cut substantially our foreign aid 
budget, establish trade ties with emerging markets and support market-
oriented democracy throughout the world.

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