Tag: financial and economic power

Many individuals wonder whether or not market-based capitalism can be improved by shifting its focus. During the 1940s through the 1980s, we witnessed a typical battle between market and state capitalism. Market capitalism triumphed against state capitalism, right? The big question is whether or not this is correct. China is quickly becoming an economic and financial superpower. The goal is to build up infrastructure in developing nations by lending money at excessive interest rates, causing such nations to go bankrupt under the weight of their debt to China. When a country is unable to pay back its debts and the interest accrued on them, it is forced to forcibly liquidate the assets it has created. Without fighting, countries are losing vital land to a new sort of colonialism. Keep i...