More praise for IQ2 US
“It's a real public service to have debates that bring top-tier participants together and add the sizzle of prize fight competition to a discussion of issues of first-order importance.”
- The Atlantic
China Does Capitalism Better Than America
From the Panel
For: Orville Schell
- Capitalism, Chinese Style-Part I and Part II Orville Schell interview, Real News Network, April 7, 2011 & May 14, 2011 Schell discusses American debt and what’s happening inside China in an interview with Real News Network.
- When a Rising China and a Humbled West Meet, Who Bows Deeper?
Orville Schell, Atlantic, February 14, 2012 From here on, as China's wealth and power increases, its national challenge will be to start letting itself feel sufficiently reinstated in the congress of great nations that it does not need to wallow in narratives of victimization, or be so militant about grasping symbolic demonstrations of its equality or superiority.
- How Walmart is Changing China
Orville Schell, Atlantic, December 2011 The world’s biggest corporation and the world’s most populous nation have launched a bold experiment in consumer behavior and environmental stewardship: to set green standards for 20,000 suppliers making several hundred thousand items sold to billions of shoppers worldwide. Will that effort take hold, or will it unravel in a recriminatory tangle of misguided expectations and broken promises?
- Orville Schell on China and the U.S.
Orville Schell, FiveBooks Interviews, Browser, September 9, 2009 The changing relationship between China and America will be one of the defining foreign policy issues of our times. To understand its dynamic, says the sinologist, we must take account of China's lingering sense of victimhood.
- The China Investment Challenge
Orville Schell, Project Syndicate August 23, 2010 The bitter new reality is that the US and “old Europe” have recently edged closer to becoming “developing countries.” If the Obama administration and EU officials cannot figure out the proper mix between economic engagement and protecting national security, investment capital from China will go elsewhere.
- China's Hidden Democratic Legacy
Orville Schell, Foreign Affairs, September 9, 2009 China is finding it ever more difficult to straddle the divide between its anachronistic political system and its booming market economy. A reconsideration of the country's political future must come soon. Fortunately, China can find guidance in its own history: a previous generation of reformers who sought to balance the imperatives of modernity with the best aspects of Chinese tradition.
For: Peter Schiff
- Excuse Me, But Your Democracy Is Ruining My Capitalism
Katy Waldman interviews Peter Schiff, Slate, March 9, 2012 Why Euro Pacific Capital CEO Peter Schiff will argue that China does economic policy better than the U.S. at the Slate/Intelligence Squared live debate on March 13.
- How Should the U.S. Address its Chinese Trade Imbalance?
Peter Schiff, et al., Council on Foreign Relations, March 9, 2011 Schiff discusses the U.S.-China trade imbalance at a Council on Foreign Relations meeting, a part of the McKinsey Executive Roundtable Series in International Economics.
- Video: China More Capitalist than America
Peter Schiff on CNN Schiff on how China is more free market and a better place to start a business than America.
- China’s Inflation Problem Looms Large
Peter Schiff, Euro Pacific Capital Inc., January 19, 2011 The global economy has become so unbalanced that even government ministers who would normally have trouble explaining supply or demand clearly recognize that something has to give. To a very large extent the distortions are caused by China’s long-standing policy of pegging its currency, the yuan, to the U.S. dollar.
- The Peter Schiff Show Posts on China from Peter Schiff’s radio program website.
Against: Ian Bremmer
- Full Speed Ahead, Without a Steering Wheel
Katy Waldman interviews Ian Bremmer, Slate, March 6, 2012
- State Capitalism
Ian Bremmer and Aldo Musacchio, Economist Debates, January 24, 2012 Bremmer and Musacchio debate, “This house believes that state capitalism is a viable alternative to liberal capitalism,” for the Economist.
- The Secret to China's Boom: State Capitalism
Ian Bremmer, Reuters, November 4, 2012 A new study prepared for the U.S. government says it’s not capitalism that’s powering China, but state capitalism — China’s massive, centrally directed industrial policy, where the government positions huge amounts of capital and labor in economic sectors it intends to nurture.
- Whose Economy Has It Worst?
Ian Bremmer and Nouriel Roubini, Wall Street Journal, November 12, 2011 With Europe, China and the U.S. in crisis, the real question is which of them will stumble first.
- Searching the World for Good Governance
Ian Bremmer, New York Times, November 27, 2011 America has the worst system of governance on Earth — except for all the others.
- China's Bumpy Road Ahead
Ian Bremmer, Wall Street Journal, July 9, 2011 Unrest, inflation and an aging populace stand in the way of the Middle Kingdom's touted domination.
- A G-Zero World
Ian Bremmer and Nouriel Roubini, Foreign Affairs, March/April 2011 We are now living in a G-Zero world, one in which no single country or bloc of countries has the political and economic leverage -- or the will -- to drive a truly international agenda.
- China vs. America: Fight of the Century
Ian Bremmer, Prospect, March 22, 2010 The world's two great powers are growing dangerously hostile to one another. Could this be worse than the cold war?
- State Capitalism Comes of Age
Ian Bremmer, Foreign Affairs, May/June 2009 Across the world the free market is being overtaken by state capitalism, a system in which the state is the leading economic actor.
Against: Minxin Pei
- A Pox on Both Your Houses
Katy Walman interviews Minxin Pei, Slate March 7, 2012
- Nixon Then, China Now
Minxin Pei, Project Syndicate, February 13, 2012 China’s long march toward global integration remains unfinished.
- The Diplomat
Swimming Naked in China, China's Achilles' Heel, Occupy Beijing, and China's Not a Super Power
- Why Beijing Votes with Moscow
Minxin Pei, New York Times, February 7, 2012 Ever since the Arab Spring brought down long-ruling dictatorships in the Middle East, the party’s propaganda machine has spared no effort in portraying the events in the region in the most negative light. The overthrow of the Assad regime, especially should it happen as a result of Security Council action, would inspire the pro-democracy opposition — in Beijing and in Moscow.
- Five Myths About China’s Power
Minxin Pei, Washington Post, January 26, 2012 To understand China’s new role on the world stage, it helps to rethink several misconceptions that dominate Western thinking.
- Video: Is Authoritarianism Compatible with Continued Economic Development?
Minxin Pei, World Affairs Council, May/June 2009 Pei’s speech for the World Affairs Council of Dallas/Fort Worth.
- Great Party, but Where’s the Communism?
Minxin Pei, New York Times, June 30, 2011 China’s economic revolution is unleashing powerful social forces that will make maintaining a one-party state more tenuous.
- Think Again: Asia’s Rise
Minxin Pei, Foreign Policy, July/August 2009 Don't believe the hype about the decline of America and the dawn of a new Asian age. It will be many decades before China, India, and the rest of the region take over the world, if they ever do.
Articles For & Against
For The Motion
- Counterpoint: Debunking Myths About China
Eric X. Li, New York Times, July 18, 2011 Today, China is the second largest economy in the world, a great power with global influence, and its people live in increasing prosperity; average life expectancy has reached 74 years. But the Western media’s discourse on China is dominated by misconceptions.
- China’s Superior Economic Model
Andy Stern, Wall Street Journal, December 1, 2011 The free-market fundamentalist economic model is being thrown into the trash heap of history.
- U.S. Democracy Has Little to Teach China
Francis Fukuyama, Financial Times, January 17, 2011 The first decade of the 21-century has seen a dramatic reversal of fortune in the relative prestige of different political and economic models.
- China’s Economy Passing Up U.S.: Should Anyone Be Worried?
Mark Weisbrot, Guardian Unlimited, April 27, 2011 China’s economy is still very much state-led, with the government controlling most of the financial system, the exchange rate, and about 44 percent of the assets of major industrial enterprises. That is why China was able to plow through the world recession with GDP growth of 9.8 percent, despite losing about 3.7 percentage points of GDP due to falling net exports.
- Does Economic Success Require Democracy?
Kevin Hassett, American, May/June 2007 Dictatorships now understand that they have to provide a good economy to keep citizens happy, and they understand that free-market economies work best.
- Chinese Airlines Lure U.S. Pilots Tired of Waiting to Be Captain
Sydney Morning Herald, February 28, 2012 Nationwide, the number of pilots in China needs to rise to 40,000 from 24,000 in the five years ending in 2015. Air China intends to recruit 600 pilots this year, including as many foreigners as possible.
Against The Motion
- Multiple articles from the Economist
Paradox of Prosperity,
Rise of State Capitalism,
David Barboza, New York Times July 6, October 9, December 7, 2011
Part I: Debt Overload,
Part II: China's People Are Left Behind,
Part III: Entrepreneur's Rival in China: The State.
The U.S. Capitalist Love Affair with Communist China
Chrystia Freeland, Reuters, April 29, 2011 It is easy to equate that effectiveness of execution with good government. But fans of authoritarian regimes, including well-run ones like China, should never forget the agency problem that is their big structural flaw: For their systems to work, dictators need not only be smart; they must also act in the interests of the state, not of themselves.
- Is Overregulation Driving U.S. Companies Offshore?
Catherine Rampell, New York Times, November 7, 2011 Are American regulations so burdensome that they are driving companies abroad?