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Thursday, January 5, 2012

David Ignatius: The endangered middle class (in the Toronto Star)

David Ignatius is a columnist with the Washington Post.

"In a passage that is eerily similar to some of what appeared in Foreign Affairs in the 1930s, Fukuyama notes: “Many people currently admire the Chinese system not just for its economic record but also because it can make large, complex decisions quickly, compared with the agonizing policy paralysis that has struck both the United States and Europe in the past few years.”

"That’s a warning sign — when people look to a totalitarian state for a system that works."

Full article: The endangered middle class.