Food for thought: A country’s dangerous love affair with state capitalism

Rick Lowe

Ying Ma, visiting fellow at the Hoover Institution offers some interesting food for thought in a Defining Ideas column:

Importing China's Economic Model

America's dangerous love affair with state capitalism

Ying Ma

Since the financial crisis of 2008, leftwing politicians, pundits, and activists in America have been busy either fawning all over or despairing about China. Repeatedly, they have lauded Beijing’s ability to undertake grand projects far more quickly than Washington’s political gridlock would ever allow. From New York Times columnist Thomas Friedman to trade unionist Andy Stern to President Barack Obama, prominent Americans on the political left cannot stop using the example of China to advocate the need to drastically increase the size of the U.S. government and spend big on liberal priorities.

Read the entire essay here…

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