Ustream

Has the clash between capitalism and communism given way to a new rivalry, between American-style capitalism and state capitalism? In his new book Saving Capitalism (Vintage 2009), economist and best-selling author Pat Choate argues that America's approach to economics has proven unable to meet the competitive challenge of the state capitalist approach used by China, Japan, South Korea, Taiwan, and Germany. Only basic structural changes or "game-changers," Choate argues, can save American capitalism.