‘The Rise of China and the Fall of the ‘Free Trade’ Myth’

BELIEVE it or not, that is the title of an article published not in some leftist magazine but recently in the magazine of the top news New York Times.

In our country, the belief in the free-trade ideology—and its larger framework of unrestrained capitalism and foreign investments—is a dogma nearly on par with that of Catholicism. That ideology, called neoliberalism, has been the canon of every economic management strongman himself wasn’t an adherent of it and adopted many statist economic policies.

- dent believer of the ideology, proud of his rallying cry for it: “privatization, deregulation and liberalization.” This has only resulted among other things in the drastic weakening of

China’s Deng: “Development… If we don’t develop, we will be bullied.”