Towards the end of September 2008, less than two weeks after the investment bank Lehman Brothers declared bankruptcy, an article in the Beijing Daily declared that Chinese governance was “superior to the capitalist political system.” America’s financial turmoil, it observed, was “a manifestation of the dead end of liberalism and the destruction of the myth of American institutions.” … Continue reading Will America Make the Same Mistakes as China?
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Will America Make the Same Mistakes as China?
Towards the end of September 2008, less than two weeks after the investment bank Lehman Brothers declared bankruptcy, an article in the Beijing Daily declared that Chinese governance was “superior to the capitalist political system.” America’s financial turmoil, it observed, was “a manifestation of the dead end of liberalism and the destruction of the myth of American institutions.” … Continue reading Will America Make the Same Mistakes as China?