Word: weste
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...your hopes up. Asia can surely provide lessons for the West, but Americans often take the wrong lessons from Asia's growth stories - and we seem to be doing it again now. (See pictures of the global financial crisis...
...notion that Asia's success is the product of intrusive governments. In the 1980s, when Japan was Asia's rising giant, some said its state-led economic system, in which bureaucrats "picked winners" by targeting industries for special support, was better than the more laissez-faire practices of the West. Today, pundits see China's "state capitalism" as the contender for global dominance. The heavier hand of the Chinese government, this thinking goes, acts as a source of strength in hard times while firmly guiding the nation into the industries of the future. China's vibrancy has even led Americans...
Sure, the authoritarian rulers in Beijing can sometimes implement policies more efficiently than the argumentative democrats of the West. That's exactly why Beijing's recession-busting stimulus plan proved more effective than Washington's. With no political debate to get in the way, China's bureaucrats splashed money everywhere to toss up shiny new infrastructure. The slumping economy needs more credit? Well, that's easy - if you own the banks. Just open a spigot and watch the money flow. China's government can also push ahead on important long-term projects with greater speed. While health care reform...
When I first left for college, I bade farewell to the West Coast knowing I could always go back. Over J-Term, I left with a much more permanent sense of departure, but also a curiosity for what’s next. After all, I’m going from a place that’s hella awesome to one I hope will be just as wicked cool...
...West, Florida...