Gar Alperovitz calls for an evolution, not a revolution, into a new system that would democratize the ownership of wealth, strengthen communities in diverse ways, and be governed by policies and institutions sophisticated enough to manage a large-scale, powerful economy.

What is the next system? It is not corporate capitalism, not state socialism, but something else— something entirely American, something building on our pragmatic American “can do” spirit that is also sophisticated about what it will ultimately take to alter our corporate dominated system over time.

The streets of Beijing and Shanghai feel like an entrepreneurial free-for-all, full of mom-and-pop stores and street vendors selling snacks and cheap toys.

But when you pull back the curtain, you see a different picture: a country where the government still controls huge swaths of the economy.

When you're in China, there's a good chance you're doing business with the government every time you:

  • make a call on your cellphone (the government owns the country's biggest cellphone network)

Updated at 2:52 p.m. ET: Wal-Mart issued a statement Wednesday saying its request for partners to provide primary care services was "overwritten and incorrect." The firm is "not building a national, integrated low-cost primary health care platform," according to the statement by Dr. John Agwunobi, a senior vice president for health and wellness at the retailer.