Is State Capitalism a Good Alternative?

Russia, China and even Germany invest a lot of state money into particular companies to help them succeed. That sort of favoritism does not play well in the States, but should it?

What's the Latest Development?

A host of economically-strong countries including Russia, Germany and China current practice a type of state capitalism, which generally means investing lots of tax dollars into certain private companies while opening them to be traded on the stock market. While we Americans might call state capitalism a way of making business 'artificially competitive', it is hard to argue with the system's success. Germany controls Europe's financial affairs while China has grown its GDP several times over in the last decade.

What's the Big Idea?

Is state-capitalism a viable alternative to the West's market system, particularly given our current economic crisis? A debate at The Economist summarizes two competing positions, one for and one against. Despite their disagreements, the two debaters, popular economist Ian Bremmer and Harvard Business School professor Aldo Musacchi, find a lot of common ground. They agree, for example, that state-capitalism will thrive for decades to come but doubt that it can create meaningful innovation once disparate economies have reached parity. 

Photo credit:

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

What’s behind our appetite for self-destruction?

Is it "perverseness," the "death drive," or something else?

Photo by Brad Neathery on Unsplash
Mind & Brain

Each new year, people vow to put an end to self-destructive habits like smoking, overeating or overspending.

Keep reading Show less

A world map of Virgin Mary apparitions

She met mere mortals with and without the Vatican's approval.

Strange Maps
  • For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
  • These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
  • Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
Keep reading Show less

Douglas Rushkoff – It’s not the technology’s fault

It's up to us humans to re-humanize our world. An economy that prioritizes growth and profits over humanity has led to digital platforms that "strip the topsoil" of human behavior, whole industries, and the planet, giving less and less back. And only we can save us.

Think Again Podcasts
  • It's an all-hands-on-deck moment in the arc of civilization.
  • Everyone has a choice: Do you want to try to earn enough money to insulate yourself from the world you're creating— or do you want to make the world a place you don't have to insulate yourself from?
Keep reading Show less