“[The American System of Political Economy], that system assumes that the only source of wealth is the creativity of the individual because it is the ability of human beings to again and again discover universal physical principles which are otherwise called scientific progress.”
Source: Schiller Institute
China is Choosing the American System Over British Monetarism
The LaRouches and the Schiller Institute have been leading the fight over decades for a new economic system. But it’s not really “new.” It’s the American System of Political Economy, the ideas of which have a rich history from Gottfried Leibniz to Lyndon LaRouche. It is essentially what the Chinese model is approximating today, and what we need to revive in the United States. It is also what has those clinging to the failed British monetarist system completely freaked out.