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In session five, Winters gives an overview of the state of economic theory and practice in the world today. He looks at the problems Capitalism faces in the West and at China’s attempt to graft market economic onto central planning in the East. He also looks at some of the major dangers and problems that lie ahead and at the opportunities that exist for the development of sustainable, market-driven economy for the world. Finally, Winters argues that nations must develop a better ability to critique their own economic performance and goals without these becoming the stuff of political “spin” and the creation of fear rather than reason.
