Monday 24 August 2015

There is nothing wrong with state controled capitalism...


I always said that economic long-term oriented social-democratic liberalism (with regulation favoring free market and protecting key areas that should remain under the sovereign eye of the state, and, additionally, free access to information and the power to do one's choices) is the perfect complement for a democracy, because it empowers citizens on their future. But some people argued that there was nothing wrong with China's stance on economics being dictated by the Government - now, after months of confusing messages, trying to cover the basics (a big market bubble in many sectors, powered by over optimistic projections), some investors are even being barred from selling stock positions they believe are over-valued. Capitalism needs a free democracy and free access to information to thrive. Easy.

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