Economic Ideologies

Bureaucrats pose the biggest threat to democracy in US

In the Soviet Union, capitalism triumphed over communism. In this country [United States], capitalism triumphed over democracy.

Fran Lebowitz, author

Sunday, 29 July, 2012, 12:00am

Europe has only itself to blame

Capitalism in the West is not only deficient and diseased but is not working.

Kevin Rafferty

SCMP Business, July 25

26 Jul 2012 - 12:00am

Leaner, fitter

If, given the imminent rise of Asia, the world wants to avoid a bleak future, austerity has to be the new global norm. While that suggestion may provoke consternation in many of the world's leading economists, it is still the only way to address global inequalities - which these prominent economists at least profess to care about deeply.

16 Jul 2012 - 12:00am

Leung needs to do more explaining

Chief executive-elect Leung Chun-ying campaigned on the motto 'seeking change while preserving stability'. Nonetheless, business sectors were concerned that his reforms would upset stability. They might have been more worried had Leung been more explicit about the views he expressed in a recent Xinhua interview.

25 Apr 2012 - 12:00am

An alternative to our modern theory of growth that has stood the test of time

At a time when there is great awareness that mainstream economic theory is seriously flawed, many of us are looking for alternative models. I have in my collection a book by British economist E.F.Schumacher called Small is Beautiful, first published in 1973, but had never read it.

18 Feb 2012 - 12:00am

Crisis of capitalism no longer seen as someone else's problem

It is rare for Xinhua's Cankao Xiaoxi (Reference News) to lavish a whole page on one report.

15 Jan 2012 - 12:00am

As mainland drifts away from Marx, questions of where to next

Many political commentators have been advising the leadership in Beijing that with all the developed economies in trouble, it's a good time for China to expand reform.

13 Nov 2011 - 12:00am

Young yet diverse, they join in decrying capitalism

The participants of Occupy Central consist of various individuals, some with political activist affiliations, others with specific causes.

23 Oct 2011 - 12:00am

The journey home from the wasteland may be the most difficult one of all

Restlessness and inchoate stirrings of revolt have reached the very gates of the bastions of capitalism, Wall Street in New York and the City of London. For days, protesters have been encamped in both financial capitals raising banners, flags and voices against burning injustices of the modern economic system.

22 Oct 2011 - 12:00am

Wall Street protests are railing against crony capitalism and bought government

Bravo to Ken Otawi ('Living in Happy Valley cloud land', October 13) for taking issue with William Meacham's criticism of the populist Occupy Wall Street movement ('Wall Street protests echo voice of few', October 11).

19 Oct 2011 - 12:00am

Wall Street protests deserve support

Call it the American Spring.

7 Oct 2011 - 12:00am

slowdown in reform efforts under attack

Amid increasing signs of rising anxiety among the public, the mainland's most revered economist has published the strongest criticism yet, from within Beijing's academic circles and government think tanks, of the recent slowdown in the nation's economic reform efforts.

3 Oct 2011 - 12:00am

Time to reflect

This year marks the 20th anniversary of the collapse of the Soviet Union. For the Chinese Communist Party, that cataclysmic event radically altered how it governed China. Of all the foreign observers of the implosion of the Soviet Union, nobody has devoted as much attention to and tried as hard to extract lessons from the fall of Soviet communism as the Chinese Communist Party.

6 Sep 2011 - 12:00am

Crises highlight common need for change in two very different systems

The recent Wenzhou railway incident reflected the usual mainland way of dealing with administrative problems - hushing things up. Hong Kong residents have protested against the cover-up of the truth. However, while the government actions are not wholly acceptable, it is a necessary political act for a communist country.

22 Aug 2011 - 12:00am

Birthday blues

The just-concluded festivities in China celebrating the 90th birthday of the Communist Party were marred by the inevitable speculations about its future. After all, like human beings, political organisations are mortal.

14 Jul 2011 - 12:00am