state capitalism

Ireland's Austerity Budget:
Not Likely to Avoid Default

Simply put, the losses Irish taxpayers will be forced to cover are larger than the nation's economy can support, even with the promised bailout. The EU and Irish political leadership's attempts to put a brave face on the crisis is no match for this crippling burden.

Is State Capitalism the End of Free Markets?

Ian Bremmer argues in his new book that powerful authoritarian regimes in China, Russia and the Middle East are flexing their growing economic muscle via state capitalism. Bremmer stops by DailyFinance to chat about the global financial scene.