December 5, 2012

Why China & U.S. Can Be Capitalist Comrades

Clive Crook, Bloomberg

AP Photo

In judging the likelihood that China and the U.S. will come to blows, it’s important to remember that they now share a common religion: capitalism. A great deal is made of the supposedly fundamental differences between China’s economic model and the one that prevails in the West. It flatters everybody to think in these terms. You can’t have the superior model if everybody’s model is essentially the same.

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TAGGED: China, United States

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