Tag Archives: STATE CAPITALISM

Going abroad The world in their hands State capitalism looks outward as well as inward Jan 21st 2012 | from the print edition IT IS FITTING that China’s national symbol should be an animal that spends 16 hours a day eating bamboo. China is an energy panda that is obsessed by the question of where its next mouthful of bamboo will come from. The Chinese elite sees the world in terms of brutal competition for limited resources. And it has no truck with Western ideas about relying on the market. (“Western countries can feel secure purchasing oil internationally because they … more…