Does the global economic crisis signal that the American model of free market capitalism is fundamentally flawed?

1. Does the global economic crisis signal that the American model

of free market capitalism is fundamentally flawed?

2. Keynes and Hayek aren’t necessarily household names, but they

did get a boost when economist Russell Roberts created a rap

video titled Fear the Boom and Bust with filmmaker John Papola.

The video is available on YouTube. After viewing it, you should

be able to answer the following question: Are you a Keynesian?

Or do you side with Hayek?

3. Policymakers in Japan, the world’s third-largest economy, must

transition their nation away from a manufacturing-dependent

model for growth. What industry sectors might emerge as the

new drivers of economic growth?

4. Do you think that the economic stimulus programs in the United

States, Asia, and elsewhere are the right approach to pulling the

world out of recession?

5. The case mentions China, Russia, and Latin America as countries

and regions where state capitalism is present. Are there state

capitalist powers in other parts of the world as well?