State Capitalism: Good for Jobs?

Story Stream
recent articles

Conservatives champion state capitalism.

Charlie Szrom thinks the Obama administration's foreign policy has failed to create jobs because, in part, the administration has not engaged in the same kind of state-capitalism that marks the economies of China and Russia:

The second policy set consists of those government actions that directly influence the sales, bids, and operations of American companies. In regions such as Central Asia, Africa, and Latin America, American companies often face steeper odds in winning new business than firms from countries whose governments provide more support.[Emphasis mine]

I'm confused. I thought conservatives believed that private enterprise would flourish if the government just got out of the way.

Show commentsHide Comments

Related Articles