Excerto:
To illustrate the differences between a Soviet-style command economy and these various forms of capitalism, imagine a football game or soccer match. Command economics is a game in which the state tries to predetermine the final score by ensuring that all players, referees, and spectators faithfully perform their preassigned roles. It’s more a pageant than a sport. Post–Soviet Russian–style laissez-faire capitalism is a blood sport with few rules and referees who represent the competing interests of the spectators who wagered most on the outcome. The strongest dominate, and everyone else loses. Mixed capitalism is a game with referees who exist only to ensure proper enforcement of recognized rules and with players involved in genuine competition. Government’s only role is to ensure that the rules are written effectively and fairly. It’s an ideal, one to which most U.S. and European policy makers aspire. State capitalism is a match in which government controls most of the referees and enough of the players to improve its chances of determining the game’s outcome. Spectators profit from some limited level of genuine competition, but the state rigs the game to ensure that favored players have what they need to score the vast majority of points on its behalf.
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