China – "Socialist market economy" or just plain capitalism ? Since the era of Deng Xiaoping China has been moving ever closer to capitalism. What started as an attempt to use market criteria to push forward economic growth within the context of an economy still dominated by the public sector, took on a momentum of its own. Now we have capitalist relations dominating. This article was first published in Italian in the Marxist journal Falce Martello. There is a lot of talk nowadays of the Chinese economic miracle. But what is conveniently ignored is the fact that this huge country was plundered by the imperialist powers from the mid 19th century onwards and that after the Japanese invasion in the 1930s this would have continued had it not been for the revolution led by the Chinese Communist Party (CCP). The CCP first defeated the Japanese and then went on in 1949 to defeat the Kuomintang, the party of the Chinese bourgeoisie that after a period of 30 years had demonstrated its complete inability to solve any of the problems of this huge country where a quarter of the world population lived.
Posted on: Sun, 25 Aug 2013 04:23:17 +0000
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