Ian Bremmer. When they began to liberalize, these emerging-market countries only partially embraced free-market principles. The political officials. May 11, It should continue to believe in itself and free markets, says Ian Bremmer in his misleadingly titled, “The End of the Free Market: Who Wins the. A number of authoritarian governments, drawn to the economic power of capitalism but wary of uncontrolled free markets, have invented something new: state.

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The End of the Free Market by Ian Bremmer | : Books

The book details the structure of each national actor and makes a case for the end of free markets. Feb 15, Reid rated it liked it ,arket Overall, his book is more a survey of what some of the leading economic powers are doing again, China, Saudi Araba with their oil businesses, etc.

Economics is certainly one of those areas. I guess the real question is: Who Wins bgemmer War between States and Corporations?


The End of the Free Market: Who Wins the War Between States and Corporations? by Ian Bremmer

To start with, state capitalism is more or less defined as something that starts with just beyond whatever the US government does and is expanded to include everyone the author does not like. Bremmer is of Armenian and German descent. Defense giants like Lockheed, but even high tech companiesthe distinction between “public” and “private” entities is more blurry than most political pundits suggest.

I know that is impossible, but I do what I can to avoid multinational corporations. Ian Bremmer is the president and founder of Eurasia Group, the leading global political risk research and consulting firm.

The End of the Free Market: Who Wins the War Between States and Corporations?

The book is riddled with gushing praise of free-market capitalism, without highlighting many of its patent shortcomings. As if Wall Street would want that. I would not recommend reading it. He exhibits a sixth sense in assessing world affairs. Bremmer… provides a wide-ranging account of the rise of state capitalism and he litters his prose with apposite ina and acute insights.


One of my few complaints was the typo on pa While not one of Bremmer’s bests, “The End of the Free Market” was still a wonderful read and invaluable for anyone interested in politics or investment.

Other authors, such as Prof. The End of the Free Market: This book was clearly written with an audience of wealthy American Friedmanites in mind.

Tom and I agree on a lot, including on the idea of sharing a few thoughts on this subject on our respective blogs. For example, the author implies that the Smoot-Hawley Act was responsible for the depth of markdt Great Depression, yet all academic studies show that the act had little impact on the severity of the Great depression.

May 23, Joseph rated it it was amazing.

He poses at least ten hypothetical scenarios in the book, including given the mutually assured economic destruction or interdependence between the United States and China, what happens if China closes the door? After each section details examples of good things that resulted from “state capitalism”, sometimes accompanied by a counterpoint of how the free market examples made things worse usually globallythe author then concludes that it’s obvious that state capitalism is a terrible threat to free markets and must be stopped.

Bremmer is a sharp critic of state capitalism, but an apologist for the failures of markets. The name isn’t quite what you would expect from the subtitle – it’s ffee about the fight between corporations and government and more about the fight between “state capitalism”, where industries are often owned or largely supported by the governments, and traditionally capitalistic countries, where there is some regulation fee protectionism but most things are free.

I didn’t get answers to these kinds of issues from this book. I believe that things are going to get worse for free markets before they get better. Feb 22, Alberto Lopez rated it really liked it Shelves: A number of authoritarian governments, drawn to the economic power of capitalism but wary of uncontrolled free markets, have invented something new: NOCs like these own 75 percent of the world’s crude-oil reserves.


Instead, they have embraced state capitalism. They finance all these institutions with the help of increasingly large pools of surplus foreign cash known as sovereign wealth funds. The author’s worldview seems incoherent, and there was almost no substance. To view it, click here. Nouriel Roubini, seem to have used the Collapse of Lehman Brothers as an opportunity to trot out recycled lectures from Economics on vicious cycles in business.

China’s investment in other countries is the result. In other words, it should stay true to its values. This entry by Ian Bremmer takes a rather intriguing premise that fails to boost the reader’s interest to “escape velocity. The freer markets exist at local levels where product and service providers fight tooth and claw to grasp at local opportunities but where competition is fierce.

He traces the first reference to an speech by Wilhelm Liebknecht, a founder of the Social Democratic Party of Germany. By Ian Bremmer May 11, It offers useful insights for investors, business leaders, and anyone interested in how to survive this coming global confrontation. It also looks at the effect estate economies will have on free markets.

Which all leads me to continue to believe as William Goldman noted over 20 years ago – nobody knows anything In contrast to free-market capitalism, the economy in state-capitalist regimes is dominated by the state agenda. Bremmer begins by talking about “state capitalism” as something new, but neglects Alexander Gerschenkron’s work two generations ago about the role of the state in directing and supporting industrialisation in Central and Eastern Europe in the 19th and earlyth centuries.

Only a short analysis is done about various nations. It’s kind of depressing but important to think about. Bremmer is saying subtly that for America to continue to lead it should be strong, smart, and principled.

The biggest logical fallacy is to suppose that anything the U.