State Capitalism: Pros and Cons

The Economist has an interesting article about State Capitalism and what it can achieve…or destroy. I particularly liked this line though:

The obsession with national champions can be dangerous: mating two dinosaurs seldom produces a gazelle. But champions have their uses. They can boost national pride, they can ensure that local companies can compete for the best and the brightest with foreign multinationals and they can help emerging countries to establish global standards rather than playing by other people’s rules. The Chinese are determined to do this with the growing market for the “internet of things”.


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  • ” … mating two dinosaurs seldom produces a gazelle.”

    Oh the wit ! What will the “liberal” media come up with next?