The Blue Voice. Part 6 of 8 on The Ecomomist’s special report on state capitalism
‘Going abroad: The world in their hands’, one of The Economist’s special report articles on “state capitalism” focuses heavily on China and its increasing economic presence in the world. And it suggests that the use of “state capitalism” in this report is an attempt to establish some kind of economic framework in which the Good Side of neoliberal countries can be faced off against the Bad Side of “state capitalists”.
The Economist appears to lament that good guy neoliberals don’t have the massive control over the country and economy that the Chinese leadership does. But what we have here in the US and UK is crony capitalism where huge crimes go unprosecuted so long as the 1% commits them, which hardly seems an improvement.