CAPITALISM'S THIRD CENTURY -- BY J. T. YOUNG, The Washington Times

A triumph of the unplanned over the directed

To many, the economic torch already has passed from old to new. They see today's emerging markets as tomorrow's international economic engines. What Britain was to the 19th century and America to the 20th, China will be to the 21st. Such a perspective sees the trees only to miss the forest. What is dawning is not another country's "century," but capitalism's third.

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