THE QUESTION

Will the current financial crisis discredit free-market policies in your country? Is socialism an echo of the past or a preview of the future?

Posted by Fareed Zakaria & David Ignatius on September 23, 2008 11:24 AM

FROM THE PANEL

Bashir Goth is a veteran journalist, freelance writer, the first Somali blogger and editor of a leading news website. He is also a regular contributor to major Middle Eastern and African newspapers and online journals.

Today's Capitalism Has Run Its Course

Any system that doesn't value the economic welfare of every individual, not only the wealthy few, will be doomed to fail.

Posted by Bashir Goth Somalia/UAE | 6 COMMENTS
Sep 26, 2008 at 5:21 PM
Former Washington-based columnist for The Hong Kong Standard, The New York Sun, and Insight on the News, an online weekly published by The Washington Times. Covered economic and political relations between the United States and East Asia, with an emphasis on China, Taiwan and Hong Kong. Former chairman of the Hong Kong Journalists' Association. Currently a business executive at a Chinese-language newspaper in Hong Kong.

Market Freedom Takes a Break

This free-market supporter must admit that this is a depressing and frustrating time for our camp.

Posted by Kin-ming Liu Hong Kong | 5 COMMENTS
Sep 26, 2008 at 11:47 AM
Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. He is the co-author of several books on trade conflict, resolution of international trade disputes, conflicts in letters of credit, trade-related banking transactions, sovereign debt, arbitration and dispute resolutions and publications specific to the oil and gas, communication, aviation and finance sectors. Dr. Ettefagh is a member of the executive committee and the board of directors of The Development Foundation, an advisor to the United Nations High Commission for Refugees, and an advisor to a number of European companies. Dr. Ettefagh speaks Persian (Farsi), English, German, French, Spanish, Italian, Arabic and Turkish.

Adam Smith’s Costly Convulsions

Warts and all, the Iranian economy cannot be compared with the American economic model. It's stronger, and probably wiser.

Posted by Ali Ettefagh Tehran, Iran | 34 COMMENTS
Sep 24, 2008 at 12:36 PM
Carlos Alberto Montaner is a Cuban-born writer, journalist, and former professor. He is one of the most influential and widely-read columnists in the Spanish-language media, syndicated in dozens of publications in Latin America, Spain and the United States. He is also vice president of the Liberal International, a London-based federation devoted to the defense of democratic values and the promotion of the market economy. He has written more than twenty books, including Journey to the Heart of Cuba; How and Why Communism Disappeared; Liberty, the Key to Prosperity; and the novels A Dog's World and 1898: The Plot. He is now based in Madrid, Spain.

Blame the Government, Not the Market

The enemies of the market economy will take advantage of this to oppose economic freedoms. But the real culprit is the government.

Posted by Carlos Alberto Montaner Madrid, Spain | 7 COMMENTS
Sep 24, 2008 at 12:35 PM
Originally from Pakistan, Anwer Sher is based in Dubai and writes for Gulf News, Khaleej Times and Emirates Today. His varied career experience includes banking, consulting, and real estate development. He has a Masters degree in International Relations.

Gulf States Weathering Financial Storm Well

The idea of a socialist economic model is totally alien to this region.

Posted by Anwer Sher Dubai, UAE | 2 COMMENTS
Sep 24, 2008 at 12:34 PM

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PostGlobal is an interactive conversation on global issues moderated by Newsweek International Editor Fareed Zakaria and David Ignatius of The Washington Post. It is produced jointly by Newsweek and washingtonpost.com, as is On Faith, a conversation on religion. Please send us your comments, questions and suggestions.