Capitalist China July 1, 1997 Dear Investor: Just last week, Prince Charles handed over Hong Kong–and with it the banner of capitalism–to “Communist” China. This event, suitably marked with pomp and worry, indicates something we’ve known for a long time: “market economy” is now the world’s mantra. All the other mildly interesting mantras of the 20th Century (Marxism, Communism, etc.) have died a painful death...