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Thursday, January 12, 2006

China: Capitalism Doesn't Require Democracy

Published on Tuesday, January 10, 2006 by 
by Robert B. Reich 
You may remember when the world was divided between communism and capitalism, and when the Chinese were communists. The Chinese still call themselves communists, but now they?re also capitalists.
In fact, visit China today and you find the most dynamic capitalist nation in the world. In 2005, it had the distinction of being the world?s fastest-growing major economy.
China is the manufacturing hub of the globe. It?s is also moving quickly into the highest of high technologies. It already graduates more computer engineers every year than the United States.
Its cities are booming. There are more building cranes in use today in China than in all of the United States. China?s super-highways are filled with modern cars. Its deep-water ports and airports are world class. Its research and development centers are state of the art. At the rate its growing, in three decades China will be the largest economy in the world.


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