> China's 'State Capitalism' Sparks a Global Backlash
> By JASON DEAN, ANDREW BROWNE And SHAI OSTER
> Wall Street Journal
Actually a decent article. The sum total of the alleged "backlash" turns out to be... a few snarky comments by assorted US neolibs/Eurolibs, whose economies would of course crash and burn within picoseconds if the BRICs ever decided to pull out their money.
The more interesting story is that the entire semi-periphery has been scrambling to build its own developmental states for some time now. The BRICs took off between 1999 and 2003, and since 2008, ten more countries are powering up (Argentina, Bolivia, Ecuador, Indonesia, Kazakhstan, Mongolia, Thailand, Turkey, Uzbekistan and Vietnam). Dozens more are close to take-off -- the short-list of promising candidates includes Cuba, Iran, Malaysia, Paraguay, Lebanon, Nigeria and Tanzania, to name just a few.
-- DRR