“At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.” WorldMindWellsHeartImportantRealSchoolGivenLeaderCapitalismEconomicsAssumingSignificantReal WorldDisregardUnificationHayekKnowledge And PowerFriedrich Hayek Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World
“I find Chinese debates about their political system domestically, but also about China's claims in the international system, to be among the most original and surprising and exciting of our time. The starting point is a system that none of us had anticipated, which I call Leninist capitalism, but also obviously because it is the most important emerging power. The question of China's relations with the United States in particular, and the rest of the world in general, is the question of war and peace in the 21st century.” WorldImportantWarStatesPoliticalUnitedUnited StatesCenturyParticularCapitalismExcitingClaimsRelationOriginalsStartingInternationalChinaDebateChineseOur TimeSurprising21st CenturyEmergingPolitical SystemsStarting Point Author:Timothy Garton Ash