But this simplistic approach quickly turns constructive discussion into a casualty of the ideological battle between advocates of state and market capitalism.

Locust Capitalism

Schadenfreude Capitalism

Scientific Capitalism

Their legitimacy depends on their ability to deliver economic growth through state managed capitalism.

In Asia, China is exposing the fallacy of looking at state capitalism as a competing alternative to liberal capitalism.

By contrast, state driven capitalism has given China economic stability and rapid growth, allowing it to ride out the global crisis.

Good Capitalism, Bad Capitalism

The New Bogeymen of Financial Capitalism

gt gt Captain Capitalism! Wow!

Third, most BRICS and a few other emerging markets have moved toward a variant of state capitalism.

In China and in Russia (and partly in Brazil and India) state capitalism has become more entrenched, which does not bode well for growth.

This strategy amounts to state capitalism, living on Russia s energy wealth, and doing nothing to curtail Russia s massive red tape and corruption.

It included the capital expenditure of 40 million.

So it could be even a little bit more Capitalist than the United States.

Some factors are cyclical, but others state capitalism, the risk of a hard landing in China, the end of the commodity super cycle are more structural.

China is an authoritarian capitalist country, open for business with other capitalist countries (including deep economic relations with Japan).

So Sarkozy shouldn t be lashing out against speculative capitalism.

Western European economies and Japan are leading exemplars of managerial capitalism, which, like state guidance, also has delivered strong economic performance.

To seize this opportunity, India first must move decisively away from state capitalism, the remnants of which continue to retard the country s economic progress.

Failure at today s London conference is also likely to be used as a rhetorical weapon against the large Western governments, and to provide a rationale for implementing new forms of state capitalism.

Dire predictions that the rise of the SWF s means that the global financial system is becoming a form of state capitalism may be exaggerated. But a small group of government players managing a vast amount of foreign assets does create complications.

The result was a dramatic reduction in the British state s borrowing costs and the emergence of a well functioning capital market, which caused private borrowing costs to fall as well.

Funds are provided to the states in untied capital grants.

Scrapping the socialist central planning and state ownership of property of the Soviet era, Russia attempted to build an economy based on market capitalism, often with painful results.

We have significantly lower capital costs in our plant equipment.

Approaching them as alternatives is, in fact, little more than an intellectual remnant of the Cold War, much like the concept of state capitalism itself.

Nor is it clear that state capitalism can generate the same degree of innovation and entrepreneurship as the liberal models did in their prime.

At the same time, the lack of structural reforms in emerging markets, together with their move towards greater state capitalism, is hampering growth and will reduce their resiliency.

Southeast Asian economies have demonstrated great success with state guidance, and, until the late 1990 s, there were calls in the United States to emulate their practices.

Even so, Chinese policy choices significantly influence other Asian countries, with China s state capitalist economic model now being mimicked elsewhere in the region.

Moreover, there is no Asian economic system China s state capitalism does not belong to the same category as the private capitalism practiced in Japan and Korea.

Oligarchic capitalism exists where power and money are highly concentrated among a few.

This leads to the fourth type entrepreneurial capitalism .

But the Achilles heel of state guidance is that once such economies near the production possibility frontier, policy makers run out of industries and technologies to copy.

So we should think hard about what speculative capitalism means.

Words like philanthrocapitalism, and natural capitalism, and philanthroentrepreneur, and venture philanthropy.

But as we're seeing, operational costs are starting to dwarf capital costs in terms of design parameters.

Is the market no longer able to generate prosperity? Is China s brand of state capitalism an alternative and potentially victorious paradigm?

As a result, corporate capitalism is rapidly becoming obsolete, replaced by a creative capitalism in which entrepreneurship, combined with a greater willingness to adopt innovations, transforms the business landscape.

Now, however, these countries are once again espousing forms of state capitalism and a return to industrial policy (encouraged as well by the 2008 global financial meltdown, which gave a new rationale for a return to government intervention).

But higher interest rates also imply large capital losses for central banks asset holdings.

But, in a global age, the nation becomes a more powerful form of identity protection, just as the state, following the crisis of Western financial capitalism, nowadays appears stronger than a market destabilized by its excesses.

Jeffrey Garten, the dean of Yale s School of Management, got it right when he labeled this the era of state capitalism.

The transfer of public money to private corporations is far more attractive than old fashioned market capitalism.