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Thread: Has capitalism failed?

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[quote=LEONARDO,369743]

Marrie,  nice input! I like this analogy.  Compared  with USA, China remains an infant or child in terms of financial and economic power despite of its rapid growth in the recent years. China's market economy is far from mature. There are still relatively too much state interference in the economy. Well, generally,  I think China's 'socialism' (Socialism with Chinese Characteristics) have been working well over the 30 years. I have heard that the West nicknamed " China's theory of buidling socialism with Chinese characteristics" as "Neo-capitalism.  Admittedly, China has learnt a lot from the West and Capitalism. China deserves much credit for its fast lasting economic growth.  Therefore, the two systems both have their frailties  and imperfections; and both have their advantages that the other should learn from. I think USA(Obama) has become well-conscious of this point, hence its "Change" catchphrase.  Right, China is an infant, but infant signifies hope and future.[/quote]

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