Alongside the investigation into Zhou, the party’s Central Commission for Discipline Inspection announced it has launched a widespread campaign to root out inappropriate government-business ties. Some 25,000 officials will be subject to a probe.
The announcement signals that no stone will be left unturned. The investigation will cover not only local bureaucrats but also their spouses, their children, their children’s spouses and former local bureaucrats who retired within the past three years.…
About five years ago, Xi began advocating for a “new type of government-business relations.” This means that while listening to the voices of struggling private companies with familiarity and seriousness, and while resolving problems, politicians must maintain their purity and not take advantage of their power for personal gain.…
MR Online
Xi’s leftward shift to a socialist China is for real
Originally published: Nikkei Asia by Katsuji Nakazawa (August 26, 2021
If the U.S. wants to be a world leader, it has to match China in investing in knowledge generation for future technology. Why then is the U.S. taking the sanctions route? Sanctions are simpler to implement; building a society that values knowledge is much more difficult. This is the crisis of late capitalism.…Chip wars or the crisis of late capitalism?
Prabir Purkayastha /
Fighting corruption is a leftward shift?
ReplyDeleteSoon everything that is virtuous will be considered "left".
p.s. I'm a southpaw
Fighting corruption is a leftward shift?
ReplyDeleteSoon everything that is virtuous will be considered "left".
What most see as unethical behavior like conflict of interest, "capitalists" view as incentive that drives "innovation" and "growth." Note that the author of the article concludes by wondering whether China can continue to thrive in the face of the "crackdown" and reorientation toward distributed prosperity.
Jack Ma has been cured of his wondering.
ReplyDeleteMa still looking a bit jaundiced…. Probably down half a liver…
ReplyDeleteYes, I think it is clear that the leftward shift is real. Xi is following the Chongqing model not the Guangdong model. It's no longer the Roaring 20s in China, but a Chinese New Deal era. Since the state-led New Deal era, or the postwar Social Democratic era in Europe saw more economic vigor than the previous ones, the fear expressed at the end of the article is groundless. Probably just an obligatory bow to the dying idols of capitalist ideology.
ReplyDeletePretty much "left" is the same as fighting corruption considered widely. The problem with capitalism is that the capitalists corrupt the state, to give them a monopoly on income from the government - without which capitalism, a creature of the state, cannot even exist. And much the same - a monopsony on hiring labor. This sabotages the economy, but almost all capitalist want to be ever more mindlessly on top, to recreate a feudal order. Rather than a modern democratic one with the state over them, and the people, ultimately, and in theory, and once in a while in practice, over the state.
lol they are commies how can actual commies “”go left!”
ReplyDelete