Capitalism

Trade, tech war suicidal for US free-market capitalism

On March 1, 2018, US President Donald Trump claimed, “Trade wars are good and easy to win.” However, Trump’s decision to wage a trade war against China turned out to be a suicidal move. The last two and half years have witnessed that trade war…

Socialist or capitalist: What is China’s model, exactly?

Near the end of his life, Lenin gave a speech that referred to the USSR as a transitional society. He explained that socialists had taken state power and could thereby take the post-revolutionary economy – which he labeled “state capitalism” – further. The socialists’ state…

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