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 24, 2016
U.S. President Barack Obama meets with Vietnamese Communist party secretary general Nguyen Phu Trong at the Central Office of the Communist Party of Vietnam in Hanoi, Vietnam, Monday, May 23, 2016. (AP Photo/Carolyn Kaster)

Obama’s in Vietnam and Japan. The G7, Hiroshima and his pivot to Asia are all on the table. We look at the big picture. Plus, President Obama’s visit to Hiroshima.

May 24, 2016
Activist and author Gloria Steinem. (Carly Romeo / Courtesy Gloria Steinem)

Feminist icon Gloria Steinem explores how violence against women drives global instability in her new show, “Woman.” She’s with us.

RECENT
SHOWS
May 23, 2016
Robin Wright, right, attending the Emmy Awards in 2015 with Kevin Spacey. The pair star in "House of Cards" on Netflix. Wright recently shared that she fought to have an equal salary as Spacey. (Alex Berliner/Invision for the Television Academy/AP)

The pay gap between men and women is much greater in white-collar than blue-collar jobs. We’ll look at why, and what should be done about it.

 
May 23, 2016
A long line of travelers wait for the TSA security check point at O'Hare International airport in Chicago. Some major airports are currently seeing wait times exceeding 90 minutes at peak hours. (Teresa Crawford/AP)

The latest on the EgyptAir crash, and the latest on the TSA and security in the United States.

On Point Blog
On Point Blog
Gloria Steinem Explains Her ‘Bernie Boys’ Comment
Tuesday, May 24, 2016

Feminist activist Gloria Steinem explains why her apparent diss of female supporters of Sen. Bernie Sanders was anything but.

More »
Comment
 
‘Best Of’ 2016 Commencement Speeches
Monday, May 16, 2016

Excerpts from a few of the best commencement speeches delivered to the graduating class of 2016.

More »
Comment
 
Caller: Trump is a ‘Yankee moron,’ but I support him
Tuesday, May 10, 2016

“I’m a working man. I’ve worked 13, 14 hours every day. I got two jobs. I got three kids. I got a wife. You know, I’m not a misogynist.”

More »
Comment