by Mark Thoma, University of Oregon (Department of Economics)

Visit Economist's View

Democratic versus Authoritarian Capitalism

Posted on August 05, 2008

Robert Reich is back from vacation:The Real Competition Behind the Olympic Games, Robert Reich: The real competition lurking behind the upcoming Olympic games is between democratic capitalism and authoritarian capitalism.For years American policy toward China assumed that trade and economic growth would generate a large Chinese middle class, and this middle class would demand democratic reforms. We were right on the first part. ... But we were wrong about the democracy part. We thought capitalism and democracy went hand in glove. They don't. Economic reforms are well underway in China. Individ...

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china , chinese , economy