As the Cold War stumbled to a close, the belief that governments could effectively micromanage national economies and generate prosperity seemed dead. But public wealth, public investment, and public enterprise have now returned with a vengeance. An era of state capitalism has dawned, one in which the governments of China, Russia, the Arab monarchies of the Persian Gulf and others are again directing huge flows of capital—even across the borders of capitalist democracies—with profound implications for free markets and international politics. The national bestseller, The End of the Free Market: Who Wins the War Between States and Corporations?, by Ian Bremmer, includes insights for investors, business leaders, policymakers, and anyone who wants to understand important emerging changes in international politics and the global economy.
President, Eurasia Group, and Expert on Global Politics and Risk Management