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Deng Undone
Summary --
Driven by a near obsession with economic growth, Beijing has extended the state’s reach into the economy. Instead of urging the Chinese government to resume extensive market reforms, Washington should encourage it to focus on a narrow range of feasible measures.
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Essay, Sep/Oct 2008
The prosperity of the United States and China depends on helping China further integrate into the global economic system.
Essay, May/June 2009
A heightened bilateral relationship may not be possible for China and the United States, as the two countries have mismatched interests and values. Washington should embrace a more flexible and multilateral approach.
Essay, May/June 2009
Across the world, the free market is being overtaken by state capitalism, a system in which the state is the leading economic actor. How should the United States respond?
Comments
Deng Undone
Mr. Scissors' article provides good background on the extent of Chinese government control of its economy. However, I am incredulous that any American, especially one espousing conservative viewpoints, would have the nerve to offer the Chinese advice on economic matters.
Having run our own economy and many others into the ditch for the third time in a decade (the LTCM mess, the "dot.com bust" and now the sub-prime mess), we are in no position to offer advice to any other nation, except perhaps Somalia. It's time to shut up, listen to others, and figure out what it is that we're doing wrong, and what we could do better.