# Nobel Laureate Prof. Michael Spence on the US political system

1 Faculty News February 16, 2012 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2012/02/16/opinion/why-chinas-political-model-is-superior.html?_r=1) -- "As the Nobel-winning economist [A. Michael Spence](http://w4.stern.nyu.edu/faculty/bio/a-michael-spence) has put it, America has gone from 'one propertied man, one vote; to one man, one vote; to one person, one vote; trending to one dollar, one vote.'"

[Read more](http://www.nytimes.com/2012/02/16/opinion/why-chinas-political-model-is-superior.html?_r=1)