I thought Tom's comment to my other post on this topic was interesting, so I thought I would post this. Patrick Boyce says that Xi is moving China towards a modern day version of Mao's socialism.
Patrick Boyle - Evergrande Crisis Intensifies
I thought Tom's comment to my other post on this topic was interesting, so I thought I would post this. Patrick Boyce says that Xi is moving China towards a modern day version of Mao's socialism.
Patrick Boyle - Evergrande Crisis Intensifies
2 comments:
I think this is viewing China through Western eyes. China is not going back to Mao and Russia is not going back to Lenin or Stalin, even though the common people in both countries want (distributive) "socialism" rather than (predatory) capitalism. History may rhyme but it doesn't not repeat (attributed to Mark Twain without evidence). Changing conditions call for adaptation. Thus history is emergent and not repetitive although the past is brought along into the future through the historical dialectic via hysteresis and path dependence.
I am pretty sure that Xi and the Chinese leadership have a good idea of where they are headed and planning about how to get there. They are engineers, after all, not lawyers.
I was thinking how the Chinese think 50, 100 years into the future. Capitalism was useful for extreme rapid growth, even if it did cause dreadful Inequality. The free trade zones had no regulations and brutal capitalism, but the CPC accepted it because it was voluntary for the workers. Now China is moving on. It will be interesting to see how it pans out.
The West is ruled by billionaire oligarchs. We need a better system.
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