Tonight at 6:45 p.m., Intelligence Squared will host China Does Capitalism Better Than America, a live debate moderated by ABC News Nightline correspondent, John Donvan, featuring panelists Orville Schell and Peter Schiff (for) along with Ian Bremmer and Minxin Pei (against). Watch the full debate below.
About the debate:
For all appearances, China has emerged unscathed from the global economic crisis, in stark contrast to its biggest debtor, America. China’s admirers point to its ability to mobilize state resources, quick decision-making and business-friendly environment as reasons for its economic ascendancy. But can its brand of state-directed capitalism overcome rampant corruption and the threat of growing inequality, or will the American model of innovation and free markets prevail?