Some interesting insight over at Big Think in a special series called The Future of Capitalism.
Check out the videos from Peter Thiel, CEO of Clarium Capital called Regulation Stifles Innovation.
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Quote from the article: “What can be learned from China, as its free market capitalism emerges under the strict guidance of its authoritarian government?”
Jim Rogers has called china the most capitalist country in the world and I agree with him fully. They’re great capitalists because they’re very good at letting-it-happen. China is the most capitalist not because of the strict guidance of it’s so called authoritarian government, it is the most capitalist because things just happen and are allowed to happen. It’s their management style that makes them good. In my view the U.S. approach is more authoritarian than China’s.