“A crisis is a strange way to celebrate an anniversary.” This is the wry judgment of Erik Berglöf, chief economist of the European Bank for Reconstruction and Development.* Yet a crisis is what we see in countries that began the march from communism two decades ago. So, has capitalism failed, as communism did? In a word, “no”. Some transition countries are in crisis; transition is not. The same judgment applies elsewhere: capitalist countries are in crisis; capitalism itself is not. But reform is necessary. The great virtue of liberal democracies and market economies is their ability to reform and adapt. They have shown these qualities before. They must do so once again.
“危机是一种庆祝周年纪念日的奇特方式。”欧洲复兴开发银行(EBRD)首席manbetx20客户端下载 学家艾瑞克•博格洛夫(Erik Berglof)如此语带嘲讽地评价*。不过，我们从那些20年前脱离共产主义的国家中看到的就是危机。这是否说明，资本主义已经步共产主义后尘，也失败了呢？简单地说：“没有”。一些转型期国家陷于危机，但转型本身并没有。同样的论断也适用于别处：资本主义国家身陷危机，但资本主义本身并没有。但改革是必要的。自