Time recently published an article titled "How a Starbucks Latte Shows China Doesn’t Understand Capitalism" on the attention the Chinese government appears to be bringing to the practice of foreign companies overcharging Chinese consumers. According to Time, the government in doing this shows it doesn't understand capitalism, ought to back off, and let the market reach a proper … [Read more...] about Opinion: Is It Time Magazine that doesn’t understand Capitalism or China?
Slate/Intelligence Squared appears to be planning an interesting live debate on March 13 - with Orville Schell and Peter Schiff arguing for the motion in the title and Ian Bremmer and Minxin Pei against. Details of the debate can be found at the slate and intelligence squared websites. The intelligence squared site - in particular - features a good and interesting set of … [Read more...] about Democracy Is Ruining Capitalism – Does China Do Capitalism Better Than America?
Eric X. Li had a wonderful op-ed in the NY Times. I really don't know how he got a piece through, especially since all mine have been rejected. Anyways, hats off to him! Here is his op-ed, with some of my thoughts scribbled throughout. … [Read more...] about Eric X. Li’s “Counterpoint” Op-Ed in the New York Times – Debunking Myths About China
In response to Steve' question on what is the difference between Chinese version of capitalism and American version of capitalism, I think there are many. The most important, I think, is the respective role of government, market in running / in governing the economy. Another important aspect, I think, is the goal of economic prosperity. China takes a more "holistic," perhaps … [Read more...] about A Chinese view of governance and the financial crisis: An interview with ICBC's chairman