Examine whether authoritarian
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Examine whether authoritarian capitalism is a viable alternative to its Western liberal version to promote long term economic growth and development
...... In the first part of the essay, a historical case study will be considered from Nazi Germany regarding IBM and its functioning on both sides of the Atlantic as an indispensable tool of Hitlers Nazi Germany. Then, the author will consider recent experiences in authoritarian capitalism mandating billions of dollars to bail out failing corporations during the administration of George W. Bush. These policies have largely been continued by the administration of Barak Obama. Finally, the essay will consider how to recapture the halcyon days of Keynesian optimization of the capitalist economy realized under the administration of John F. Kennedy that was literally killed by Lyndon Baines Johnson in the rice paddies of Vietnam
The revolving door between corporate CEO and U.S. government servants is illustrated explicitly when former Goldman Sachs executive and then U.S. Treasury Secretary Henry Paulson oversees a multi-billion dollar bailout that specifically benefits Goldman Sachs. Given the sorry performance of this authoritarian capitalism and its survival into the Obama administration, it is hard to see how it will promote long term economic growth and development......
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