Tom Barnett's Scripps Howard News Service editorial "China's capitalism isn't so foreign:"
Western powers today fear that China's stunning rise signals a real challenge to the notion that economic growth triggers democracy. While I understand such fears, let me tell you why they're unfounded: China's economy increasingly mirrors our own....
....Point being, China's model of development constitutes more of an endorsement of American-style capitalism than an improvement --much less rejection. This strategy of "incremental change, or entrepreneurial capitalism at the margin," allows China to gradually shift its economy toward the U.S. blend of big firms surrounded by entrepreneurial small firms.
What comes next? More and more freedom if China hopes to hold onto those entrepreneurs.
What comes next? More and more freedom if China hopes to hold onto those entrepreneurs.
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This strategy of "incremental change, or entrepreneurial capitalism at the margin," allows China to gradually shift its economy toward the U.S. blend of big firms surrounded by entrepreneurial small firms.
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While I understand such fears, let me tell you why they're unfounded: China's economy increasingly mirrors our own....
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