PLEDGE NOW
Free Market System at a Crossroads?

China’s economy is barreling ahead. Europe’s in crisis. The U.S. in a muddle. Across the world, free markets are being challenged.

A Chinese worker checks solar-powered products at a factory in Baoding, north China's Hebei province, in 2009. (AP)

When the Cold War ended, Washington trumpeted that the free market system had won.

Twenty years later – now – that looks far from certain. The new challenger is not Communism but “state capitalism” –China-style, Russia-style – where authoritarian political powers steer the ship, call the economic tune.

Right now, say my guests today, state capitalism is giving the free market world a drubbing. Europe’s a mess. The U.S. is in a muddle.

The free market economy heyday may be over, with big consequences, they say.

This Hour, On Point: The deadly-serious horse race. Free markets versus state capitalism.

Guests:

Anthony Kuhn, Beijing corresopndent for NPR.

Ian Bremmer, president of Eurasia Group, a political research and consulting firm. His latest book is “The End of the Free Market: Who Wins the War Between States and Corporations?” You can read an excerpt. He writes “The Call” blog at ForeignPolicy.com.

Clyde Prestowitz, founder and President of the Economic Strategy Institute. His new book is “The Betrayal of American Prosperity: Free Market Delusions, America’s Decline, and How We Must Compete in the Post-Dollar Era.” You can read an excerpt.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 28, 2015
Protesters congregate in front of city hall Tuesday, May 26, 2015, in Cleveland. Members of about 40 churches are protesting the acquittal of a white patrolman charged in the deaths of two unarmed black motorists with a march through downtown Cleveland. (AP)

The new Cleveland standard of American policing. Will it stop abuse? Will it get the job done?

May 28, 2015
Ousted Egyptian President Mohammed Morsi raises his hands as he sits behind glass in a courtroom, in a converted lecture hall in the national police academy in an eastern Cairo suburb, Egypt, Saturday, May 16, 2015. (AP)

Sentenced to death in Egypt for espionage, respected academic Emad Shahin joins us with a big take on Egypt, ISIS and America’s response.

RECENT
SHOWS
May 27, 2015
The logo from the new film, "(Dis)Honesty," which is also the logo for the Dishonesty Project. (The Dishonesty Project)

Are we natural born liars? Is it human to lie? Inside the new documentary, ” (Dis)Honesty: The Truth About Lies.”

 
May 27, 2015
Two persons are reflected in the FIFA logo at the FIFA headquarters in Zurich, Switzerland, Wednesday, May 27, 2015. Swiss prosecutors opened criminal proceedings into FIFA's awarding of the 2018 and 2022 World Cups, only hours after seven soccer officials were arrested Wednesday pending extradition to the U.S. in a separate probe of "rampant, systemic, and deep-rooted" corruption. (AP)

Top officials at soccer’s international governing body FIFA arrested in Switzerland today on charges of racketeering, wire fraud, money laundering and bribery. We’ll dig in.

On Point Blog
On Point Blog
A Former Bike Gang Member Explains "The Life"
Tuesday, May 19, 2015

Larry called in from Lawrenceburg, KY and told us he was once a member of the Pagan’s Motorcycle Club, a mid-Atlantic biker gang. He didn’t sugar coat the facts as he explained the draw of the brotherhood and what makes the outlaw motorcycle corner the underworld go round.

More »
1 Comment
 
Our Week In The Web: May 15, 2015
Friday, May 15, 2015

We cancel a few hours and suddenly all of you get convinced of a global radio conspiracy! Plus, dragon zoos.

More »
1 Comment
 
Caller: ‘It Doesn’t Always Turn Out Okay’
Wednesday, May 13, 2015

One caller shares her own story of an extremely premature birth. Her daughter, born at 22 1/2 weeks in 2012, was taken off life support after seven days.

More »
Comment