"But I want to go back to, George [Will], your point, because I think the big issue over the next 10 years and the big contest is going to be between authoritarian capitalism, a la China, and democratic capitalism, a la the United States. And it's not clear to me that authoritarian capitalism is not going to win. That is, it -- there is so much efficiency. The Chinese say, ‘We're going to build 10 new universities. We're going to build this. We're going to build this.' And, boom, it happens."
Astonishing. After Reich wipes the drool off his chin, he backpedals slightly:
"I am betting on Democratic capitalism," Reich added. "But I think that the -- authoritarian capitalism, we cannot understate the threat to the way we go about our -- our business, the way we think about the world."
Reich isn't the only one who thinks this way. Tom Friedman has expressed similar longings. I get the distinct impression this is a widespread sentiment among --dare I say it-- the self-professed elites. Our betters.