The West has reached a fork in the road. Our current models of governance and economics aren’t working. The consensus is gathering strength — both in Europe and in the United States — that we must choose a different path. The Tea Party, Occupy Wall Street, the protests in Greece, and the increasingly frenetic debate over the future of Europe — all these are signs that people no longer believe in the system we’ve got and want a different one.
In a recent Wall Street Journal op-ed (“China’s Superior Economic Model”), former union leader Andy Stern tries to show us the way. He urges us not to “double down on an empirically failing free-market extremism.” Instead, he says, America should “study the ingredients of its competitors’ success.” China, he argues, is “on a clear trajectory to knock America off its perch by 2025,” because of its government’s success in setting strategic priorities and “arraying the forces of organization.”
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