Viewpoint: Ian Bremmer
From Reuters.com: "“It’s become fashionable to look at the rough stretch of the past few years and wonder if the industriousness and resilience...
“It’s become fashionable to look at the rough stretch of the past few years and wonder if the industriousness and resilience of the American economy is at an end. But look around the world. While one could make a viable argument that some are doing capitalism better than we are (look at our neighbors to the north), a state capitalist country like China doesn’t compare. What China has found is that it can shoehorn a crude version of a beautiful financial system into its state-controlled economy and get some good results. But ultimately state capitalism is just a pale imitation of the real thing. Like that knockoff iPhone, China’s form of capitalism might look the part, but that’s where the similarities to the world’s still-largest and pre-eminent capitalist economy—our own—end.”
Ian Bremmer in Reuters.com