The Rise and Fall of Capitalism

Milton Friedman begins his extremely successful television series Free to Choose is in Hong Kong. This then sort of germinates this idea that oh perhaps we can protect capitalism best by creating these kind of liberated zones where you can insulate political decision-making from the majority rule and make sure that you're engineering things just right for maximum flow of information capital. It was really the kind of exporting of that Hong Kong enclave model to the coast of China beginning in the late 1970s that really becomes the way in which China gradually opens itself up zone by zone to a world economy.