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- Saturday, February 11, 9:05 AM Some pundits say democracy and free markets could thrive without U.S. predominance. If this sounds too good to be true, argues Robert Kagan, that's because it is: "Democratic progress and liberal economics have been and can be reversed and undone... The better idea doesn't have to win just because it is a better idea. It requires great powers to champion it."
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My view is that democracy starts and is defined at the individual level and this freedom enables market based economies. What China represents is not a market based economy and they will not carry the torch internationally for capitalism because capitalism is only a tool to enable them to control the people and develop a stronger economy so they can exert strength outwards. It is a centrally controlled economy and political system.
This is also why the US should not embrace centralized economic planning because it only enables political power to be shifted from citizens to politicians/political parties. Enough is already gone.