Joshua Kurlantzick<\/a> published a comment on Boston Globe<\/a> called State Inc.<\/a>\u00a0 Kurlantzick discusses “authoritarian capitalism,” by which he refers to the countries that have state owned companies and a capitalist economy, such as, China, the United Arab Emirates and Russia.<\/p>\n The author notices that<\/p>\n Over the past 25 years, while keeping firm control over its economy, China has adopted many of the tools of capitalism – ceding some operational power to a Western-trained executive class, inviting foreign investment and partnerships, and buying and selling on the global open market.<\/p><\/blockquote>\n Beijing has also selected a range of strategic industries to develop, from oil to telecommunications to automobiles. By creating the state-owned China National Chemical Corporation in 2004, Beijing birthed a plastics manufacturing giant, one that quickly swallowed foreign companies like Qenos, one of the biggest plastics firms in Australia. State-owned Chinese automaker Nanjing Automobile bought up famed British car brand MG Rover, while Huawei, boosted by massive loans from state-linked Chinese banks, has expanded around the globe, even trying to take over US tech giant 3Com, a deal essentially scuttled by Congress.<\/p><\/blockquote>\n The article can be found here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Joshua Kurlantzick published a comment on Boston Globe called State Inc.\u00a0 Kurlantzick discusses “authoritarian capitalism,” by which he refers to the countries that have state owned companies and a capitalist economy, such as, China, the United Arab Emirates and Russia. … Continue reading