Ian Bremmer has a point in his new book, The End of the Free Market: State capitalism is succeeding for Chinese and Russians and hurting our free market.
With Chinese entrepreneurship resembling 1950s USA and GDP percentages in double digits, their cheapie economy is seeing huge successes.
Bremmer notes the only way to stay competative with state capitalism systems is for the US economy to be perceived as indispensable. Having spent our "spare tire" on the bailouts and Western Europe's spent on Greece's economic crisis, we are in dire economic times.
The US needs to focus on addressing this recurring issue before any others, there must be an effort on the part of every American to conserve and be smarter about economics and ore aware of our place in the world economy. We could start by mandating an economics course in every high school curriculum.
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