The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

The Grim Reaper

11/16/2010

If you do nothing else today, read the article titled “China’s State Capitalism Sparks a Global Backlash” on the front page of The Wall Street Journal. It is the secret to China’s success and the reason we should be afraid, not merely worried.

China has the ability to put the entire force of their nation behind a particular industrial policy. The U.S. cannot even agree if we need an industrial policy or not!

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