The Myth of Chinese Capitalism

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Publisher : Macmillan + ORM
ISBN 13 : 1250089387
Total Pages : 183 pages
Book Rating : 4.2/5 (5 download)

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Book Synopsis The Myth of Chinese Capitalism by : Dexter Roberts

Download or read book The Myth of Chinese Capitalism written by Dexter Roberts and published by Macmillan + ORM. This book was released on 2020-03-10 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of how restrictive policies are preventing China from becoming the world’s largest economy Dexter Roberts lived in Beijing for two decades working as a reporter on economics, business and politics for Bloomberg Businessweek. In The Myth of Chinese Capitalism, Roberts explores the reality behind today’s financially-ascendant China and pulls the curtain back on how the Chinese manufacturing machine is actually powered. He focuses on two places: the village of Binghuacun in the province of Guizhou, one of China’s poorest regions that sends the highest proportion of its youth away to become migrants; and Dongguan, China’s most infamous factory town located in Guangdong, home to both the largest number of migrant workers and the country’s biggest manufacturing base. Within these two towns and the people that move between them, Roberts focuses on the story of the Mo family, former farmers-turned-migrant-workers who are struggling to make a living in a fast-changing country that relegates one-half of its people to second-class status via household registration, land tenure policies and inequality in education and health care systems. In The Myth of Chinese Capitalism, Dexter Roberts brings to life the problems that China and its people face today as they attempt to overcome a divisive system that poses a serious challenge to the country’s future development. In so doing, Roberts paints a boot-on-the-ground cautionary picture of China for a world now held in its financial thrall. Dexter Roberts is an award-winning journalist and a regular commentator on the U.S.-China trade and political relationship. His prior speaking engagements include traditional news media outlets (NPR, Fox News, CNN International) as well as universities and institutes (George Washington University, Council on Foreign Relations, and the Overseas Press Club). He is available for virtual classroom visits to courses that adopt The Myth of Chinese Capitalism. Please contact [email protected] for more information.

The Myth of Chinese Capitalism

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Publisher : St. Martin's Press
ISBN 13 : 9781250089373
Total Pages : 256 pages
Book Rating : 4.0/5 (893 download)

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Book Synopsis The Myth of Chinese Capitalism by : Dexter Roberts, Missoula, MT

Download or read book The Myth of Chinese Capitalism written by Dexter Roberts, Missoula, MT and published by St. Martin's Press. This book was released on 2020-03-10 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Myth of Capitalism

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1394184069
Total Pages : 349 pages
Book Rating : 4.3/5 (941 download)

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Book Synopsis The Myth of Capitalism by : Jonathan Tepper

Download or read book The Myth of Capitalism written by Jonathan Tepper and published by John Wiley & Sons. This book was released on 2023-04-25 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.

Red Capitalism

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Publisher : John Wiley & Sons
ISBN 13 : 1118255135
Total Pages : 290 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Red Capitalism by : Carl Walter

Download or read book Red Capitalism written by Carl Walter and published by John Wiley & Sons. This book was released on 2012-07-31 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.

Confucian Capitalism

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Publisher : Routledge
ISBN 13 : 1136128026
Total Pages : 198 pages
Book Rating : 4.1/5 (361 download)

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Book Synopsis Confucian Capitalism by : Souchou Yao

Download or read book Confucian Capitalism written by Souchou Yao and published by Routledge. This book was released on 2013-01-11 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The discourse of Confucian Capitalism has been crucial in shaping our understanding of the brilliant economic successes of the Chinese diaspora all over the world. From this perspective, hard work, family values, and communal cohesion, as well as business practices based on sentiment, trust, and social networks, are the legendary means of explaining the wealth and commercial talent of these remarkable people. The book examines the subject of Chinese business' by exposing the enduring myth about the determining effects of these values and practices supposedly derived from Confucianism. Such myth relies on an ahistorical and essentialised notion of Chinese Culture', and brings into focus three sites of controversy: the economically driven Chinese subject, work-place relations characterised by consensus and cultural sharing, and an operating ethos of collectivist, pre-capitalist sociality. In its interrogation of the discourse of Confucian capitalism, it is the aim of this book to arrive at a critically informed and socially realistic understanding of Chinese business. The author combines abstract analysis with examples from anthropological fieldwork among Chinese traders in Sarawak, East Malaysia. By anchoring theoretical discussion to real case-studies, the multi-disciplinary approach of this book offers a useful insight into Chinese business activities, and contributes to current debates in cultural studies, economic anthropology, the economic performance of overseas Chinese, and neo-Confucian societies more generally.

China and the World

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Publisher : iUniverse
ISBN 13 : 1462056814
Total Pages : 376 pages
Book Rating : 4.4/5 (62 download)

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Book Synopsis China and the World by : Ben Mah

Download or read book China and the World written by Ben Mah and published by iUniverse. This book was released on 2011-10-19 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ben Mahs book is an excellent warning of the problems indeed, economic depth charges that were planted in China by the neoliberals who have destroyed nearly every economy where their advice was followed. Ben Mahs China and the World describes what China should accept and what it should reject in Western advice. Michael Hudson: Distinguished Professor of Economics at the University of Missouri Mr. Ben Mah is an acute observer. This book explodes the myth of Chinas Rise, reveals the truth about how Chinas economic policies have been misguided by neoliberalism. This is a good book that anyone concerned about Chinas future should not miss. Genliang Jia, Professor, Peoples University of ChinaAndong Zhu The essays in this book deserve great attention. Dajun Zhong, renowned economist Mr. Mahs work could help us re-think the related policies and eliminate the influence of neoliberal ideology. Andong Zhu, Director, Qinghua University, China Mr. Mahs work is a biting revelation of the unpleasant reality that lies behind such currently popular buzzwords as privatization, marketization, freedom of capital flow and free trade. Haibo Liu Chinese Academy of Social Sciences

The New China Playbook

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Publisher : Penguin
ISBN 13 : 198487828X
Total Pages : 369 pages
Book Rating : 4.9/5 (848 download)

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Book Synopsis The New China Playbook by : Keyu Jin

Download or read book The New China Playbook written by Keyu Jin and published by Penguin. This book was released on 2023-05-16 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Keyu Jin is a brilliant thinker.” —Tony Blair, former prime minster of the United Kingdom A myth-dispelling, comprehensive guide to the Chinese economy and its path to ascendancy. China's economy has been booming for decades now. A formidable and emerging power on the world stage, the China that most Americans picture is only a rough sketch, based on American news coverage, policy, and ways of understanding. Enter Keyu Jin: a world-renowned economist who was born in China, educated in the U.S., and is now a tenured professor at the London School of Economics. A person fluent in both Eastern and Western cultures, and a voice of the new generation of Chinese who represent a radical break from the past, Jin is uniquely poised to explain how China became the most successful economic story of our time, as it has shifted from primarily state-owned enterprise to an economy that is thriving in entrepreneurship, and participation in the global economy. China’s economic realm is colorful and lively, filled with paradoxes and conundrums, and Jin believes that by understanding the Chinese model, the people, the culture and history in its true perspective, one can reconcile what may appear to be contradictions to the Western eye. What follows is an illuminating account of a burgeoning world power, its past, and its potential future.

China's Capitalism

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Publisher : University of Pennsylvania Press
ISBN 13 : 081229579X
Total Pages : 327 pages
Book Rating : 4.8/5 (122 download)

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Book Synopsis China's Capitalism by : Tobias ten Brink

Download or read book China's Capitalism written by Tobias ten Brink and published by University of Pennsylvania Press. This book was released on 2019-02-14 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1978, the end of the Mao era, economic growth in China has outperformed every previous economic expansion in modern history. While the largest Western economies continue to struggle with the effects of the deepest recession since World War II, the People's Republic of China still enjoys growth rates that are massive in comparison. In the country's smog-choked cities, a chaotic climate of buying and selling prevails. Tireless expansion and inventiveness join forces with an attitude of national euphoria in which anything seems possible. No longer merely the "workshop of the world," China is poised to become a global engine for innovation. In China's Capitalism, Tobias ten Brink considers the history of the socioeconomic order that has emerged in the People's Republic. With empirical evidence and a theoretical foundation based in comparative and international political economy, ten Brink analyzes the main characteristics of China's socioeconomic system over time, identifies the key dynamics shaping this system's structure, and discusses current trends in further capitalist development. He argues that hegemonic state-business alliances mostly at the local level, relative homogeneity of party-state elites, the maintenance of a low-wage regime, and unanticipated coincidences between domestic and global processes are the driving forces behind China's rise. He also surveys the limits to the state's influence over economic and social developments such as industrial overcapacity and social conflict. Ten Brink's framework reveals how combinations of three heterogeneous actors—party-state institutions, firms, and workers—led to China's distinctive form of capitalism. Presenting a coherent and historically nuanced portrait, China's Capitalism is essential reading for anyone interested in the socioeconomic order of the People's Republic and the significant challenges facing its continuing development.

Disposable Women and Other Myths of Global Capitalism

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Publisher : Routledge
ISBN 13 : 1136081542
Total Pages : 198 pages
Book Rating : 4.1/5 (36 download)

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Book Synopsis Disposable Women and Other Myths of Global Capitalism by : Melissa Wright

Download or read book Disposable Women and Other Myths of Global Capitalism written by Melissa Wright and published by Routledge. This book was released on 2013-01-11 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Everyday, around the world, women who work in the Third World factories of global firms face the idea that they are disposable. Melissa W. Wright explains how this notion proliferates, both within and beyond factory walls, through the telling of a simple story: the myth of the disposable Third World woman. This myth explains how young women workers around the world eventually turn into living forms of waste. Disposable Women and Other Myths of Global Capitalism follows this myth inside the global factories and surrounding cities in northern Mexico and in southern China, illustrating the crucial role the tale plays in maintaining not just the constant flow of global capital, but the present regime of transnational capitalism. The author also investigates how women challenge the story and its meaning for workers in global firms. These innovative responses illustrate how a politics for confronting global capitalism must include the many creative ways that working people resist its dehumanizing effects.

The Perfect Dictatorship

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Publisher : Hong Kong University Press
ISBN 13 : 9888208934
Total Pages : 208 pages
Book Rating : 4.8/5 (882 download)

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Book Synopsis The Perfect Dictatorship by : Stein Ringen

Download or read book The Perfect Dictatorship written by Stein Ringen and published by Hong Kong University Press. This book was released on 2016-05-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese system is like no other known to man, now or in history. This book explains how the system works and where it may be moving. Drawing on Chinese and international sources, on extensive collaboration with Chinese scholars, and on the political science of state analysis, the author concludes that under the new leadership of Xi Jinping, the system of government has been transformed into a new regime radically harder and more ideological than the legacy of Deng Xiaoping. China is less strong economically and more dictatorial politically than the world has wanted to believe. By analysing the leadership of Xi Jinping, the meaning of ‘socialist market economy’, corruption, the party-state apparatus, the reach of the party, the mechanisms of repression, taxation and public services, and state-society relations, the book broadens the field of China studies, as well as the fields of political economy, comparative politics, development, and welfare state studies. ‘A new interpretation of the Chinese party-state—shows the advantage that derives from a comparative theorist looking at the Chinese system.’ —Tony Saich, Harvard University ‘This is an excellent book which asks important questions about China’s future. In a lively and persuasive manner, the author vividly analyses key data in a comparative and theoretical manner. Far and away the best introduction to how the CCP dictatorship works.’ —Edward Friedman, University of Wisconsin-Madison ‘There is no lack of scholars and pundits abroad who tell us that dictatorship in China is for the greater good. In a timely and engagingly written book, Stein Ringen systematically demolishes all the components of this claim.’ —Frank Dikötter, University of Hong Kong ‘Stein Ringen shows how the Chinese state has used both fear and material inducements to build a “controlocracy” of a size and complexity unprecedented in world history. Perfect as a dictatorship, but brutal, destructive, and wasteful. The author’s encyclopedic understanding of his topic is based on a mastery of relevant scholarship and is delivered in clear, no-nonsense prose that bows to no one. Ideal as a textbook.’ —Perry Link, University of California, Riverside ‘China is a complex country, and there is a range of reasonable interpretations of its political system. Professor Ringen’s interpretation is different than my own, but China watchers need to engage with his thought-provoking and carefully argued assessment. If current trends of repression intensify, less pessimistic analysts will need to recognise that Ringen’s analysis may have been prescient.’ —Daniel A. Bell, Tsinghua University ‘Inspirational and trenchant. Stein Ringen’s book is a must-read to understand China’s politics, economy, ideology and social control, and its adaptability and challenges under the CCP’s rule, especially in the 21st century.’ —Teng Biao, Harvard Law School and New York University ‘Stein Ringen’s insights as a prominent political scientist enable a powerful examination of the Chinese state in a penetrating analysis that reaches strong conclusions which some will see as controversial. The book is scholarly, objective, and free from ideological partiality or insider bias. Whether one ultimately wishes to challenge or embrace his findings, the book should be read.’ —Lina Song, University of Nottingham Click on these links for more information: Blog: https://thechinesestate.com/ Facebook: https://www.facebook.com/stein.ringen.7/about

Imperialism and the development myth

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Publisher : Manchester University Press
ISBN 13 : 1526159007
Total Pages : 277 pages
Book Rating : 4.5/5 (261 download)

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Book Synopsis Imperialism and the development myth by : Sam King

Download or read book Imperialism and the development myth written by Sam King and published by Manchester University Press. This book was released on 2021-09-07 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and other Third World societies cannot 'catch up' with the rich countries. The contemporary world system is permanently dominated by a small group of rich countries who maintain a vice-like grip over the key parts of the labour process – over the most technologically sophisticated and complex labour. Globalisation of production since the 1980s means much more of the world’s work is now carried out in the poor countries, yet it is the rich, imperialist countries – through their domination of the labour process – that monopolise most of the benefits. Income levels in the First World remain five and ten times higher than Third World countries. The huge gulf between rich and poor worlds is getting bigger not smaller. Under capitalist imperialism, it is permanent. China has moved from being one of the poorest societies to a level now similar with other relatively developed Third World societies – like Mexico and Brazil. The dominant idea that it somehow threatens to ‘catch up’ economically, or overtake the rich countries paves the way for imperialist military and economic aggression against China. King’s meticulous study punctures the rising-China myth. His empirical and theoretical analysis shows that, as long as the world economy continues to be run for private profit, it can no longer produce new imperialist powers. Rather it will continue to reproduce the monopoly of the same rich countries generation after generation. The giant social divide between rich and poor countries cannot be overcome.

Chinese Whispers

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Publisher : Weidenfeld & Nicolson
ISBN 13 : 0297868462
Total Pages : 210 pages
Book Rating : 4.2/5 (978 download)

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Book Synopsis Chinese Whispers by : Ben Chu

Download or read book Chinese Whispers written by Ben Chu and published by Weidenfeld & Nicolson. This book was released on 2013-10-10 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Chu's smart, iconoclastic portrait dismantles seven misconceptions' [NEW STATESMEN] about modern China and offers a corrective to Western assumptions. THE CHINESE ARE THE MOST HARDWORKING PEOPLE ON EARTH... so why are the younger generation derided as spoiled and lazy? CHINESE PEOPLE DON'T CARE ABOUT POLITICAL FREEDOM... so why is the country's internet exploding with anti-regime dissent? CHINA WILL ONE DAY RULE THE WORLD... so why do the country's political leaders feel so insecure? Perhaps it is time to stop engaging in a centuries-old game of Chinese whispers in which the facts have become more and more distorted in the telling. Ben Chu examines the myths that have come to dominate our view of the world's most populous nation, forcing us to question everything we thought we knew about it. The result is a penetrating, surprising and provocative insight into China today.

Myth of the Social Volcano

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Publisher : Stanford University Press
ISBN 13 : 0804769419
Total Pages : 266 pages
Book Rating : 4.8/5 (47 download)

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Book Synopsis Myth of the Social Volcano by : Martin Whyte

Download or read book Myth of the Social Volcano written by Martin Whyte and published by Stanford University Press. This book was released on 2010-02-24 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reports the results of the first systematic nationwide survey in China of the attitudes that ordinary Chinese citizens have toward increased inequalities generated by the market reform program launched in 1978.

Capitalism Without Democracy

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Publisher : Cornell University Press
ISBN 13 : 9780801473265
Total Pages : 292 pages
Book Rating : 4.4/5 (732 download)

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Book Synopsis Capitalism Without Democracy by : Kellee S. Tsai

Download or read book Capitalism Without Democracy written by Kellee S. Tsai and published by Cornell University Press. This book was released on 2007 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on the activities and aspirations of the private entrepreneurs who are driving China's economic growth.

The Beijing Consensus

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Publisher : Basic Books
ISBN 13 : 0465028268
Total Pages : 336 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Beijing Consensus by : Stefan Halper

Download or read book The Beijing Consensus written by Stefan Halper and published by Basic Books. This book was released on 2012-02-07 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beijing presents a clear and gathering threat to Washington—but not for the reasons you think. China's challenge to the West stems from its transformative brand of capitalism and an entirely different conception of the international community. Taking us on a whirlwind tour of China in the world—from dictators in Africa to oligarchs in Southeast Asia to South American strongmen—Halper demonstrates that China's illiberal vision is rapidly replacing that of the so-called Washington Consensus. Instead of promoting democracy through economic aid, as does the West, China offers no-strings-attached gifts and loans, a policy designed to build a new Beijing Consensus. The autonomy China offers, together with the appeal of its illiberal capitalism, have become the dual engines for the diffusion of power away from the West. The Beijing Consensus is the one book to read to understand this new Great Game in all its complexity.

Proletarian China

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Publisher : Verso Books
ISBN 13 : 1839766344
Total Pages : 1149 pages
Book Rating : 4.8/5 (397 download)

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Book Synopsis Proletarian China by : Ivan Franceschini

Download or read book Proletarian China written by Ivan Franceschini and published by Verso Books. This book was released on 2022-06-07 with total page 1149 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2021, the Chinese Communist Party celebrated a century of existence. Since the Party's humble beginnings in the Marxist groups of the Republican era to its current global ambitions, one thing has not changed for China's leaders: their claim to represent the vanguard of the Chinese working class. Spanning from the night classes for workers organised by student activists in Beijing in the 1910s to the labour struggles during the 1920s and 1930s; from the turmoil of the Cultural Revolution to the social convulsions of the reform era to China's global push today, this book reconstructs the contentious history of labour in China from the early twentieth century to this day (and beyond). This will be achieved through a series of essays penned by scholars in the field of Chinese society, politics, and culture, each one of which will revolve around a specific historical event, in a mosaic of different voices, perspectives, and interpretations of what constituted the experience of being a worker in China in the past century. Contributors: Corey Byrnes, Craig A. Smith, Xu Guoqi, Zhou Ruixue, Lin Chun, Elizabeth J. Perry, Tony Saich, Wang Kan, Gail Hershatter, Apo Leong, S.A. Smith, Alexander F. Day, Yige Dong, Seung-Joon Lee, Lu Yan, Joshua Howard, Bo renlund Srensen, Brian DeMare, Emily Honig, Po-chien Chen, Yi-hung Liu, Jake Werner, Malcolm Thompson, Robert Cliver, Mark W. Frazier, John Williams, Christian Sorace, Zhu Ruiyi, Ivan Franceschini, Chen Feng, Ben Kindler, Jane Hayward, Tim Wright, Koji Hirata, Jacob Eyferth, Aminda Smith, Fabio Lanza, Ralph Litzinger, Jonathan Unger, Covell F. Meyskens, Maggie Clinton, Patricia M. Thornton, Ray Yep, Andrea Piazzaroli Longobardi, Joel Andreas, Matt Galway, Michel Bonnin, A.C. Baecker, Mary Ann O'Donnell, Tiantian Zheng, Jeanne L. Wilson, Ming-sho Ho, Yueran Zhang, Anita Chan, Sarah Biddulph, Jude Howell, William Hurst, Dorothy J. Solinger, Ching Kwan Lee, Chlo Froissart, Mary Gallagher, Eric Florence, Junxi Qian, Chris King-chi Chan, Elaine Sio-Ieng Hui, Jenny Chan, Eli Friedman, Aaron Halegua, Wanning Sun, Marc Blecher, Huang Yu, Manfred Elfstrom, Darren Byler, Carlos Rojas, Chen Qiufan.

State Capitalism

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Author :
Publisher : Oxford University Press
ISBN 13 : 0199385726
Total Pages : 287 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis State Capitalism by : Joshua Kurlantzick

Download or read book State Capitalism written by Joshua Kurlantzick and published by Oxford University Press. This book was released on 2016-03-08 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War ushered in an age of American triumphalism best characterized by the "Washington Consensus:" the idea that free markets, democratic institutions, limitations on government involvement in the economy, and the rule of law were the foundations of prosperity and stability. The last fifteen years, starting with the Asian financial crisis, have seen the gradual erosion of that consensus. Many commentators have pointed to the emergence of a powerful new rival model: state capitalism. In state capitalist regimes, the government typically owns firms in strategic industries. Not beholden to private-sector shareholders, such firms are allowed to operate with razor-thin margins if the state deems them strategically important. China, soon to be the world's largest economy, is the best known state capitalist regime, but it is hardly the only one. In State Capitalism, Joshua Kurlantzick ranges across the world--China, Thailand, Brazil, Russia, South Africa, Turkey, and more--and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy. He isolates some of the reasons for state capitalism's resurgence: the fact that globalization favors economies of scale in the most critical industries, and the widespread rejection of the Washington Consensus in the face of the problems that have plagued the world economy in recent years. That said, a number of democratic nations have embraced state capitalism, and in those regimes, state-backed firms like Brazil's Embraer have enjoyed considerable success. Kurlantzick highlights the mixed record and the evolving nature of the model, yet he is more concerned about the negative effects of state capitalism. When states control firms, whether in democratic or authoritarian regimes, the government increases its advantage over the rest of society. The combination of new technologies, the perceived failures of liberal economics and democracy in many developing nations, the rise of modern kinds of authoritarians, and the success of some of the best-known state capitalists have created an era ripe for state intervention. State Capitalism offers the sharpest analysis yet of what state capitalism's emergence means for democratic politics around the world.