Jason Mclure's Article: GI State Capitalism
GI State Capitalism
Jason McLure
In this article, Jason McLure discusses whether state capitalism will remain successful. State capitalism means that a country’s government largely controls the country’s companies and therefore its economy. McLure contends that states do this for political advantage and lists China, Russia, and Saudi Arabia all as examples of countries who practice state capitalism. These countries all did well after the 2008 financial crisis. Western capitalism markets, on the other hand, struggled for years. In fact, some believe that western capitalism was the cause of the crisis in the first place. As western capitalism struggled, China made state capitalism appealing because of the economic boom they have experienced and
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