Is the trend for the US model of capitalism to be adopted everywhere unstoppable? Is this trend good or bad? The US model gives free rein to the entrepreneurial spirit, encouraging creativity and innovation.
Its defining features are emphasis on free competition, a level playing field, strong anti-trust laws and the use of open market discipline to determine costs, prices and profits. These have made for efficiency and dynamism, and have enabled US corporations to exploit IT ahead of the Europeans and Japanese.
