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China And The US. Which Of Us Is The Most Capitalistic?

By Dan Harris and Steve Dickinson

"'You sit by yourself grasshopper. What do you think of?' -Master Po 'My mother, my father. Both gone. I am alone.' 'You hear the flock of birds flying overhead? You hear the fish? The beetle?' To all of this the young Caine nods. 'In this crowded place you feel alone. Which of us is the most blind?"

Kung Fu, Episode #1 In his post, "Is China now more capitalist than the US?" Ed Morrissey over at HotAir has written what so many have been thinking [h/t to China Challenges]. As the US economy tanks, the US moves away from capitalism. As China's economy tanks, it moves towards capitalism. There is obvious irony here, but also a pretty good petri dish(es) to test which works better when things start going really wrong. We will see.

Full post as published by China Law Blog on December 11, 2008 (boomark / email).