state capitalism
Beyond the Western Lens: Decoding China’s Characteristically Different Economic Blueprint for 2025
China’s unique economic blueprint for 2025 blends state control and tech innovation. Understanding this is key for global investors and finance leaders.
China’s Industrial Policy: A Modern Echo of Mao’s “Hundred Flowers” Trap?
A chilling historical parallel suggests China’s industrial policy lets innovation “bloom” before the state “prunes” it back, a crucial insight for investors.
The National Capitalist: How Blockchain and AI Are Challenging a 150-Year-Old Economic Prophecy
Friedrich Engels predicted the state would become the ultimate capitalist. A new letter asks if fintech and blockchain are the tools to finally topple it.
The Ghost in the Machine: Why a 40-Year-Old Warning About China Still Dominates Global Finance
A 40-year-old warning about China’s economic reforms offers the key to understanding today’s market risks, from tech crackdowns to the digital yuan.