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Dec 10, 2024 | 
fundacionbases.org | James A. Dorn
En la historia del pensamiento económico, se observa a menudo que lo que al principio parece una idea nueva puede remontarse a trabajos anteriores que se perdieron de vista. Tal es el caso del artículo de Benjamin M. Anderson, «Capitalism versus Socialism in the Light of the Present World Economic and Financial Situation», publicado en junio de 1922 en el Chase Economic Bulletin (Vol. 2, nº 3). Una lectura atenta de ese artículo muestra claramente que Anderson fue un precursor de F. A.
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Nov 18, 2024 | 
cato.org | James A. Dorn
In the history of economic thought, it is often found that what at first appears as a new idea can often be traced back to earlier work, which was lost sight of. Such is the case with Benjamin M. Anderson’s article, “Capitalism versus Socialism in the Light of the Present World Economic and Financial Situation,” published in June 1922, in the Chase Economic Bulletin (Vol. 2, No. 3). A careful reading of that article clearly shows that Anderson was a precursor of F. A.
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Oct 3, 2024 | 
cato.org | James A. Dorn
In her recent article in Business Insider, Linette Lopez, a graduate of the School of Journalism at Columbia University, argues that China’s latest efforts to spur the economy are too little, too late.
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Jun 7, 2024 | 
cato.org | James A. Dorn
I worked with David for 40 years. His zeal for a civil society based on libertarian principles is unparalleled. He consistently applied his razor‐sharp mind to the cause of freedom. He will be sorely missed, but his legacy of liberty will live on.
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Apr 2, 2024 | 
cato.org | James A. Dorn
Nobody forced America to adopt state capitalism. Unfortunately, we did it on our own accord. April 2, 2024 • Commentary This article appeared in The Wall Street Journal on March 31, 2024. “U.S. Slides Into China‐Style Capitalism” (U.S. News, March 22) is largely on target. But the argument that China’s “entire economic model revolves around selectively flouting principles of the market economy” should be qualified.
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Jan 31, 2024 | 
cato.org | James A. Dorn
In an effort to improve China’s growth prospects, the People’s Bank of China (PBOC) is cutting banks’ reserve requirements to free up funds for lending. PBOC Governor Pan Gongsheng, who takes his marching orders from the State Council, plans to lower reserve requirements against bank deposits beginning February 5, which would free up nearly 1 trillion yuan (about $139 billion) for new lending aimed at shoring up housing and stock markets.
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Oct 10, 2023 | 
cato.org | Clark Packard |Daniel Drezner |James A. Dorn |Alfredo Carrillo Obregon
Despite some undeniable economic successes, policymakers in Beijing, particularly under the leadership of Xi Jinping, have moved in an illiberal direction. As a result, China faces several short‐term concerns that will likely weigh on growth in the coming years. The tech sector, once a dynamic and thriving industry, has been paralyzed by Xi’s re‐embrace of Maoist socialism.
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Oct 10, 2023 | 
cato.org | James A. Dorn |Daniel Drezner |Clark Packard |Alfredo Carrillo Obregon
This essay examines China’s transition from plan to market, with emphasis on the pre‐Xi era, especially the early reforms. It also carefully examines the spread of marketization in China using the marketization index developed by Fan Gang and others. Finally, it shows that, in addition to internal reforms that widened the use of markets, China’s rapid development was driven by its opening to the outside world.
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Sep 12, 2023 | 
cato.org | Daniel Drezner |Clark Packard |James A. Dorn |Alfredo Carrillo Obregon
Western scholars and policymakers used to think of economic interdependence as an unalloyed good; in recent years, however, it has been viewed as something that could be weaponized. Economic interdependence is hardly a cure-all for U.S. national security concerns, but it also is not the acute national security threat that is commonly articulated inside the Beltway.
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Feb 11, 2023 | 
cato.org | James A. Dorn
President Xi Jinping has consolidated power since he took over in 2012. He has silenced any dissent and purged the Chinese Communist Party (CCP) of anyone who might threaten his grip on power. As China’s paramount leader, he wants to build a socialist market economy, in which the state and CCP rule by the force of law.
