The Age Of Economic Nationalism.

[JW Frogen]

This is not the information age, it is not the age of globalisation, it is the age of the sovereign fund, the age that the myth of free markets died.

This is the age of state capitalism, of Chinese state subsidised manufacturing and Russian re-nationalising of energy, of state run investment funds to pick of and control resources in those countries with free markets, such as the US.

This is the age of economic nationalism..

The one exception the US, who has the freest markets on earth and even allows countries it controls miliarily to compete in it's markets.

http://www.ft.com/cms/s/b6a50b1e-1563-1 ... ck_check=1
Saudis to launch $5.3bn sovereign fund
By Andrew England, Middle East Correspondent
Published: April 28 2008 22:02 | Last updated: April 28 2008 22:02
Saudi Arabia’s Public Investment Fund is in the “final stages” of launching the kingdom’s first sovereign wealth fund. But its early financial commitment will disappoint those hoping for another megafund.
Mansour Al-Maiman, secretary- general of the internally focused PIF, said an investment company wholly owned by PIF would be set up with initial capital of SR20bn ($5.3bn).

[freediver]

Crap. The Americans are hypocrits when it comes to free market capitalism. They have massive protection schemes for their agricultural sector and keep bailing out steel, auto and other manufacturing companies. They are also slack on protecting the market from anti-competitive practices (eg micro$oft). The US government abuses it's position of power in international trade negotiations, just like it's companies do.

When the Americans describe themselves as the best at something, they are usually only comaring themselves to China, India and the EU.

[JW Frogen]

All true,(and in agriculture it makes sense given the growing commidities shortages, indeed given the success of state capitalism in China, Japan, South Korea, America should do more state intervention) yet still Amerca has freerer markets, has fewer restrictions on foreign investment, and offers fewer subsisdies to industry than not only the countries you mention, but all other major democratic powers.