Tuesday, January 12, 2010

All you need is authoritraian-style capitalism

China's "economic miracle, the newspaper People’s Daily boasted last week, exists because its leaders — unlike those in other, unnamed nations — can make quick decisions and ensure underlings carry them out. The Great Recession, the newspaper said, has laid bare cracks in plodding Western-style capitalism."

[source: "As China Rises, Fears Grow on Whether Boom Can Endure", Michael Wines, January 11, 2009]

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