The End of the Free Market
Who Wins the War Between States and Corporations?
State capitalism as a rival system: where the state owns the commanding heights and sets the terms.
Bremmer describes state capitalism as a rival system rather than a transitional stage: governments own the commanding heights, direct national champions, and use markets as instruments of state power. Written in 2010, when the assumption that markets and democracy travelled together was still standard.
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Dambisa Moyo
Bremmer looks at the East-West theme largely through a political lens. One of his quips encapsulates his fundamental view: “In the Rest the state controls the corporations whereas in the West the corporations control the state.” My reading of his work is that in the West, the influence of the corporations has led to an erosion of political culture: they’ve infiltrated the political discourse.
Interview · May 2011
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