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August 17, 2012

The West Is Killing Capitalism

Mzukisi Qobo, Business Day

AP Photo

The singling out of emerging powers as guardians of state capitalism does not only betray gross ignorance of what is at play in these countries — a gradual march towards free markets — but conveniently overlooks the actual gravitation of western countries towards state interventionism and protectionist practices. The real threat to free markets is, in fact, western countries.

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TAGGED: Saudi Arabia, Russia, Brazil, China, Africa, South Africa, Canada, Australia, United States

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