Hoover InstitutionStanford University
The Modern-Day Choice between Free Markets and Socialism

Published March 30, 2021

China’s economic gains have come at a substantial cost to its people and to its neighbors. Despite its recent economic success, the People’s Republic of China is not looked on as a role model by its neighbors, and few countries are rushing to embrace its style of socialist authoritarianism. Instead, these nations continue to look to democracy and markets as the institutions that deliver widespread prosperity and stability.

Discussion Questions:

  1. What are the costs of China’s economic gains?
  2. What are the effects of China’s responses to looming challenges?

Additional Resources:

  • To learn more, read “How Freedom Is Caught between Socialism and Capitalism in the Indo-Pacific,” by Michael Auslin. Available here.
  • Read “Freedom’s Struggle in the Indo-Pacific,” by Michael Auslin. Available here.
  • Read “China versus Democracy,” by Michael Auslin via the National Review. Available here.

Cast

Michael Auslin

Michael Auslin

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