Critique of Ian Bremmer’s ‘ State Capitalism Comes of Age’, 88(3), in Foreign Affairs, 88(3), MayJune 2009. The assignment I am working on for Contemporary Research in Management module is very interesting. It is a critique, so something different than normal essey or report. A critique is a paper that gives a critical assessment of a book or article.
Critique does not have to be negative, it could be possitive. I will treat this assignment as a check on my overall knowledge explored by the research and try to create or shape my positions on the Bremmer’s arguments. The Bremmer’s article will be for me just a starting or reference point. The question requires me to define my own opinion. The answer to this question can not be good or bad, so the author of this question would like to listen my opinion, how I understand the problems, which Bremmer introduced. The article is about The Bremmer’s thesis and the book presents this paradigm as a kind of ” war. ” A war, actually, between statist leaders of China, India, Brazil, et.
c. and the more visionary, multinational, corporatistleadershipof the Anglo-America/European axis. The challenge for the capitalist system comes from the ability of state capitalism to achieve stability and growth while avoiding massive downturns that would otherwise threaten the stability of authoritarian regimes. The theory is that free market capitalism will not be as stable as state capitalism because free market capitalism has to weather the storms of periodic downturns that cannot be wrung out of the free market system. Mr. Bremmer tells that state capitalism has problems, but with its leading proponent, China, doing so well vs. the free market system the battle will be a long one.
The author makes certain assumptions about the most recent free market downturn in 2008 that are, in my opinion, wrong. And I am desperate to work hard to prove it. Of course, I have not got the knowledgle as Bremmer but with the help of my seminar materials (group notes, research about state capitalism, lecture notes) and critical reviews created by different economists, it will be possible to reach the goal. Working on his thesis I will base my judgement on few other articles or reviews such as: 1. Ian Bremmer, “ State Capitalism Comes of Age,” orig. Foreign Affairs, May 2009 2. James Quilligan, “ Beyond State Capitalism”, July 2010 3.
Philip Kozel, “ The dangers of state capitalism”, May 2009. 4. Chris Harman, “ State Capitalism – the theory that fuels the practise”, November 2009 These articles and reviews showed me four different approaches to the problem, which is driven by Bremmer. Reading them I formed my opinion, which I will develop in the main part of my assignment. Construction of the bremmer’s article allows me to set a foundation for my essay. Every single part I will work on it is focused on one segment of market or economics, so it will be easy to relate with my arguments. Referring to the thinking presented by the creator of the article I will follow his flow of arguments, however my position is totally different than his so it will fit in to critique form.
In summary I would like to present my answer for Bremer’s thesis which I will found during the work on this assignement. Bibliography: 1. Ian Bremmer, “ State Capitalism Comes of Age,” orig. Foreign Affairs, May 2009 2. James Quilligan, “ Beyond State Capitalism”, July 2010 3. Sameer Dossani, “ Understanding the Crisis and Markets, the State and Hypocrisy” , February 2009