Apr 24, 2025
The International Vocation of American Business
Few today believe that socialist economics is the wave of the future, but most nations still find it difficult to root themselves in capitalism, democracy, and moral purpose. Most have little experience under the rule of law. Most of the countries of the former Soviet Union, most of Asia (emphatically including China), much of the Middle East, and most of Africa lack many of the cultural and political habits and institutions required for a successful capitalist system. What, then,...
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