By Carlos Alberto Montaner*
(The Miami Herald) Eric X. Li has written an intelligent defense of the Chinese model in The New York Times. The author is a successful venture capitalist in Shanghai. He was educated at Berkeley, Stanford and Fudan University, one of his country’s best academic institutions. Therefore, he knows perfectly the capitalist model of the U.S.’s liberal democracy and the model of authoritarian capitalism that has made China the world’s second economy.
His argument in favor of China’s authoritarian capitalism is based on five premises: