Europe and China: The fatal conceit

China’s recent economic growth has been driven by an apparent acceptance
by the Chinese government of many of the key insights of Hayek’s economic and
social thought. Current Chinese economic policies stand in stark contrast to those
being pursued by the EU and many European countries, where interventionist policies of the kind Hayek predicted would lead to relative impoverishment and declining freedom are being pursued. The long-term consequence of these two trends is likely to be the economic dominance of China over Europe in the present century.

Article is followed by two responses to article by Philip Booth and Ross Walker.