State Capitalism and Democratic Capitalism Duke It Out
An Phung is a multimedia journalist based in New York City. She has contributed to NYTimes.com, Patch.com and City Limits. She also spent time reporting in Indonesia where she covered stories about the country's growing illicit drug trade. An graduated from CUNY Graduate School of Journalism with a concentration in international reporting.
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For those of you who missed last night's debate on China vs. American capitalism hosted by Intelligence Squared U.S., here is the video. There was one decided winner with 85 percent of the audience's votes, but we won't spoil the surprise.
Check out the video here:
Robert Rosenkranz, CEO of Intelligence Squared U.S., provided the below framework for the discussion.
Why China is Better:
Why America is Better:
"In the final analysis, this debate is not just about economics." said Rosenkranz. "But about which system, American democratic capitalism or Chinese state capitalism, will be the model that developing countries around the world admire and seek to emulate."
We'd like to hear what you think. Which model of capitalism should developing countries copy? Tell us your thoughts in the comments below.