Coronavirus crisis puts ‘immune systems’ of market and state capitalism to the test

The time seems ripe for reflection on the relative merits of market capitalism and state capitalism, given the very different performances by the two economies that occupy pole positions within these systems – the US and China – and also given their differing future prospects. The divergence in short-term performance by the world’s first- and second-largest economies during and after the first wave of Covid-19 infections is remarkable. But what is of greater significance is how the pandemic is…

Read the original article at South China Morning Post