Robert Wyatt Quotes

I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.

China became an economic power with few equals. By 2010 China gad overtaken Japan as the world’s second largest economy in terms of GDP, China’s transformation consistently drew one ideas beyond it shores.

China is a company of contradictions. Nothing is what it appears to be. We have to be extremely respectful when we go overseas.

You have to believe that trade with Cuba is wrong because it is communist, but trading with China and Vietnam is just dandy.

In 10 years, ... you're going to see the most valuable economy in the world -- the largest economy in the world -- is going to be a country run by communists. The Chinese seem to be very good at capitalism. And this is going to have fundamental problems and present an identity crisis for the United States. Because for a long time, free markets coincided with liberties such as free speech, free press, free religion. And all of a sudden, this equation is going to be decoupled. And when it gets decoupled, we might find that democracy, the multitude of voices, actually impedes capitalism because a state that does not have any pretense of limited government can very quickly mandate a regulatory framework for drones, for electric cars, for self-driving cars, for any new innovation where they feel that they can leapfrog Western societies. And this is a very unique thing in the American experience. And this is why it's very important to think of American capitalism as an operating system and not as an ideology. Because when you think about it as an ideology, you can have good politics make for very, very bad policy. That market outcomes and democratic voices and battles for votes can end up stifling progress.

With each step away from communist constructivism to Hayekian capitalism, China has been richly rewarded.

I think it may be even a bigger story than the internet. You know, it's like saying, 'how big a deal is the internet?' The Chinese middle-class is going to change the world.

This dilettante notion that the global economy is evil because big corporate leaders make too much money... they do make too much money, but the only way we've figured out how to generate wealth in this world is through the market economy.

The challenge to our national economies and the collective economy of Europe will become - with the growth of China and the continuing productivity growth of the US - even more intense in the decades to come.

In the latter half of the last century the impact of the expanding influence of Western culture and economic system brought about in China a severe conflict.

We can pretend that China is not there. But China is there, and unless we put our economy on the right track, it is going to overwhelm us completely.

Unlike the Soviet Communist party, the Chinese Communist party chose to introduce capitalism.

In the space of a decade, China and India have emerged as dramatic, dynamic competitors.

So in terms of the global economic footprint, let's just say China within the next decade and a bit is likely to emerge as the world's largest economy. Obviously its foreign policy and security policy footprint increases and that creates both challenges and opportunities for us all.

We've outpaced Japan and Europe in creating new jobs, but there's major competition from India and China. It's not enough to make income tax cuts permanent.

The Chinese are no slouches when it comes to capitalism.

Instead of ideological objectives of a political nature, today we are faced with ideological objectives of economic nature.

We live in an interdependent world. We depend on one another for prosperity.

What is most unsettling to Americans about China is not their Communism but their Capitalism.

For the first time since the 15th century, China is becoming a major economic power.

There is no single sustainable model for national success. … the American model, which has indeed been successful, is not available to others, because our success depends greatly on our dominant position at the center of the global capitalist system, and we are not willing to yield it.

Because of the economic crisis, China and the United States are bound together. This is a totally new phenomenon, and nobody will fight for ideology anymore. It’s all about business.

You should be cautious when criticizing the liberalization of economic theory.

China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.

We defeated communism in part by showing the world that a commitment to democracy and expanding economic opportunity makes people's lives better and nations more secure, meaning our commitments overseas also makes us stronger and safer here at home.