Fool's Mountain: Blogging for China

In response to Steve’ question on what is the difference between Chinese version of capitalism and American version of capitalism, I think there are many.  The most important, I think, is the respective role of government, market in running / in governing the economy.  Another important aspect, I think, is the goal of economic prosperity.  China takes a more “holistic,” perhaps results-oriented  view to economic prosperity whereas America tend to take (historically at least) a more “individualistic,” equal-opportunity point of view. Continue reading »