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The giant firms of global capitalism
‘China will not buy up the world’ writes Martin Wolf in the FT. Contrary to the common perception of China gobbling up Western companies; it in fact receives $324 billion more capital from foreigners...
View ArticleExisting global capitalism is more Leninist than Hayekian
When critics of industrial policy say the government can’t ‘pick winners’ they are echoing the arguments of the great free-market economist Frederich Hayek. In his seminal essay, ‘The Use of Knowledge...
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