Ever since China’s spectacular economic growth became apparent in the 2000s, people have wondered whether that country’s brand of authoritarian state capitalism has proven superior to the more liberal American model. Until recently, it was possible to dismiss those concerns, but Chinese successes and U.S. failures keep piling up. If the U.S. wants to maintain both its relative power and its prestige as a model for the world, it needs to make some big adjustments.
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China Has a Few Things to Teach the U.S. Economy - Bloomberg
