China

Chile Reaches Its Greenspan Moment

"I am in a state of shocked disbelief," former Federal Reserve chair Alan Greenspan said during the 2008 crisis, before confessing: "I found a...

Bethany McLean’s Weekend Reading List: Warnings Unheeded, Stock Selling, and the Chinese Cover-Up

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.      I had an utterly irrational sliver of...

Bethany McLean’s Weekend Reading List: the Pandemic’s Long-Term Consequences

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.      Of course, this weekend's list is mostly...

Bethany McLean’s Weekend Reading List: Coronavirus Special Issue

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  This is by far my favorite headline of...

US Big Business vs China: How Monopolies Harm National Security

China’s goal is to concentrate power, both within China and over Western industrial commons. The best reaction is not to mimic Chinese autocratic control...

How Allowing a Little Bit of Dissent Helps the Chinese Government Control Social Media

A new study on three major social networks in China finds that tolerating small, relatively free platforms helps the Chinese government maintain sufficiently high...

“Is the Market Actually Efficient? No, It Is Only a Very Powerful Narrative”

A conversation with Nobel Prize laureate Robert Shiller on his new book, Narrative Economics: "Economists do not study narratives systematically, but they shape the...

The Qualcomm Case: Why Protecting American Tech Monopolies Is a Big Favor to China

The FTC sued the company that monopolized the market of components for cell phones with its aggressive patent policy. However, in the technological race...

“Avoiding Plutocracy Would Require a Political Change”: Branko Milanovic on the Future of Capitalism

In an interview with ProMarket, CUNY Graduate Center economist Branko Milanovic discussed the differences and similarities between US-style and China-style capitalism and explained why,...

With the US and China, Two Types of Capitalism Are Competing With Each Other

Capitalism’s global victory has been achieved through two different types of capitalist systems: the liberal meritocratic capitalism that has developed incrementally in the West,...

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