In China, although State capitalism is misguiding the market spirit, there's still the market awakening which affects the Chinese people and will drive them to want more freedom -- the same is true in India and other countries joining in the global economy. Russia is also making great strides. Ironically, America's having difficulty understanding this struggle which it should be leading and supporting rather than hiding from as if the global market spirit is a threat.
How sad would it be if America and Europe collapse in statist insanity as China, Russia and other countries who were once anti-capitalist move closer to free market principles and become the movers and shakers of economic growth? We should cheer these countries on, compete with them, cooperate with them and grow with them. The last thing America needs to do is shrink cowardly in protectionism.