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...American faith in the transformative power of China's economic rise might be misplaced. Capitalism with Chinese characteristics places far more power and wealth in the hands of the state sector than what has ever occurred in countries such as Japan and South Korea. Beijing is nurturing state-owned champions to dominate domestic markets and crowd out the private sector in order for the Chinese Communist Party (CCP) to keep its economic relevance, privileged status in Chinese society and hands on the country's wealth. This means the CCP does not believe sweeping economic, much less political, liberalization is required...

Author: /time Magazine | Title: Perception Gap | 3/8/2010 | See Source »

...Asian model of development, let alone Western approaches. Therefore, foreign criticisms about poor progress in economic and political reforms do not apply. Moreover, Pax Americana in Asia has been an aberration in existence for only six decades. In contrast, in Beijing's view, the return of the Chinese civilization-state simply restores Asia's natural order...

Author: /time Magazine | Title: Perception Gap | 3/8/2010 | See Source »

...Enemies of the State Joe Klein, in "Into the Lion's Den," is correct that the Republicans' need to demonize Obama trumps the party's ideological beliefs [Feb. 15]. What happened to jumping over the net and congratulating the guy who beat you? Through obstruction, obfuscation and outright lying about Obama - death panels, indeed - they make it clear that the only GOP agenda is to bring Obama down. If this President fails, we all fail. Judith Buczek Camano Island, Wash...

Author: /time Magazine | Title: Inbox | 3/8/2010 | See Source »

Fourteen U.S. states have voted to allow medical marijuana since California first legalized it in 1996; Colorado voters did so by amending the state constitution in 2000. But with drug possession still a federal offense, it wasn't until the Justice Department said in October it would refrain from prosecuting medical-marijuana cases that dispensaries began to proliferate. In Colorado, particularly, they've found fertile ground: when the first dispensary opened in the capital three years ago, it didn't even have a sign in the window. Today, according to an estimate by the Denver Post, the city has more...

Author: /time Magazine | Title: Postcard from Denver | 3/8/2010 | See Source »

...getting marijuana off Coloradans' minds might be tougher. The state has a waiting list 20,000 names long for the medical-marijuana cards that users must show at dispensaries. It's difficult to turn on local radio or TV without hearing about pot. Realtors assess how dispensaries affect local property values. Veterans debate pot's usefulness in treating posttraumatic stress disorder. In November, Westword, Denver's alternative weekly newspaper, hired a pot critic. (Watch a video about medical-marijuana home delivery...

Author: /time Magazine | Title: Postcard from Denver | 3/8/2010 | See Source »

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