China -- on the verge of economic greatness

http://www.nytimes.com/2009/08/14/world/asia/14china.html?_r=1

One of the most interesting developments in the last 20 years has been China's development in the global economy. One day the old guard will be the new...what? Will they be guards or proponents of a new style of capitalism which provides more freedom for the people of China?

China is already an economic powerhouse, and if they instituted more liberal policies internally, they could be a modern economic wonder which would transform global international relations. The clash between capitalism and communism within China is something many never expected, and the outcome might obliterate any lingering Marxist influence and strengthen capitalism's influence in third world countries.

At a time when the U.S. is doing everything possible to strangle capitalism, it would be wise to watch the developments in China and India.