Word: capitalisme
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That's because many people mistakenly believe that Asia offers a superior political-economic model for meeting the modern world's economic challenges. That perception, however, is based on the incorrect notion that Asia's success is the product of intrusive governments. In the 1980s, when Japan was Asia's...
But there are few things more annoying than pundits in the democratic U.S., who are firmly protected by the Bill of Rights, waxing poetic about the virtues of dictatorships. What they're forgetting is the frightening downside to China's authoritarian state capitalism, and not just in terms of human...
Widen your perspective: take into account what's happening in Asia outside of China, and the message from the East looks starkly different. The problem with today's analysis of Asia is that it is far too focused on China. China is not Asia. In fact, in many ways, it...
A healthy dose of guarded capitalism is what America needs. Obama’s proposals, one of which is a $33 billion-dollar business tax credit, will shore up many failing small businesses in America’s heartland by providing a tax credit for each net hire by a...
This is the best pathway toward reviving trust in Washington while the long, slow process of job recovery sets in. Like TR, Obama need not condemn the self-interested and entrepreneurial spirit of Wall Street. He need only argue the truth: Business is underpinned by certain social norms, which are...