Two good op-eds take a critical look at the so-called Beijing Consensus that purports to be an alternative to liberalism because of China’s economic success under authoritarian rule with its mix of interventionist and market-oriented policies. The key to China’s impressive progress in the past few decades has of course been its move from extreme poverty and a highly repressed economy toward economic freedom. In today’s Wall Street Journal, Liu Junning, a champion of liberal democracy in China, reminds readers of that fact and of “The Ancient Roots of Chinese Liberalism” (as noted in an earlier post by David Boaz). Writing in an Indian daily, Cato senior fellow Deepak Lal explains that state capitalism has not been the source of Chinese growth and warns against “China’s Hubris,” which is leading to a more assertive state and a decrease in personal liberty.
Featuring John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
- Legal Briefs
- Cato Handbook for Policymakers
- Cato Journal
- Cato's Letter
- Cato's Letters
- Cato Papers on Public Policy
- Cato Policy Report
- Cato State Legislative Guide
- Cracking the Books
- Economic Freedom of the States of India
- Economic Freedom of the World
- Public Comments
- Supreme Court Review
In this issue of the Cato Journal, economists Geoffrey Black, D. Allen Dalton, Samia Islam, and Aaron Batteen offer one prominent example of allowing the market to work. Also in this issue, economists Jason E. Taylor and Jerry L. Taylor reexamine the relationship between marginal tax rates and U.S. growth, and Robert Krol looks at bias in CBO and OMB economic forecasts.
Latest CommentaryOnly a robust and open marketplace of ideas can effectively combat lies consistent with the First Amendment.
The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.