Intelligence Squared: Business cover image

Martin Wolf and Yanis Varoufakis on the Future of Capitalism - Part 2

Intelligence Squared: Business

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The Autocratic Capitalism of China

The way that capitalism emerged in Prussia in Germany is very similar. Highly illiberal state that decided at some point we're now going to emulate the British because we're forming behind and we're going to have capitalism. Much before Deng Xiaoping, there was a certain gentleman called Lee Kuan Yew in Singapore,. An autocrat who decided similarly that Singapore is going to become Singapore. So you'll see it's not an exception. It's part of a pattern.

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