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It lacks the individual/property rights that underpin true capitalism. I think we should invent a new word for it, like 'marketism' or something.
by Tycho 15y ago
It lacks the individual/property rights that underpin true capitalism. I think we should invent a new word for it, like 'marketism' or something.
- jhuni 15y agoCapitalism comes in many forms. I am not sure any of them are "true."
- TDL 15y agoMercantilism with Chinese characteristics maybe? The Chinese economy seems much more mercantilistic to me at this point in time than anything else.
- nate_meurer 15y agoYes. Perfect description. http://www.as-coa.org/articles/2982/The_New_Mercantilism:_Chinas_Emerging_Role_in_the_Americas/ http://www.as-coa.org/articles/2982/The_New_Mercantilism:_Ch...