One example is the insurance company BIMA, featured in the video. BIMA specializes in using mobile technology to bring potentially life-changing insurance to the previously uninsured, worldwide. Today the company reports that it is registering over 600,000 new customers a month.
It’s now inarguable that the most muscular version of capitalism worldwide is the brand currently practiced by the Chinese state. Let’s call it autocratic capitalism — for it is a market-driven economic system where the market is controlled by an autocratic state. This brand of capitalism is founded on fundamentally different political frameworks from the democratic capitalism we celebrate in the United States. And for any number of reasons, including the current US retreat from globalism, autocratic capitalism is advancing at a breakneck pace, funding massive investments in AI and other technologies, key resources and commodities, and geopolitically strategic regions. China is by far the largest current investor in Latin America, Pakistan, and Africa, for example. And while the US fails to invest in its own infrastructure, China is already a year into a trillion-dollar “new silk road” that promises to cement that country’s influence over more than half the world.