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Interested in China and Capitalism?

October 7, 2008 at 3:13 pm

Contrary to “popular knowledge”, a new book suggests that China took a turn for the worse in the 90s. You might want to read MIT’s Yasheng Huang‘s book Capitalism with Chinese Characteristics. Or, if you are really busy – like me – you might start with/settle for the review of the book by The Economist. I strongly resist digging into the review here. You are best served reading the review yourself.

Author: Olumide Abimbola

Ayo Ojebode

Thanks. Just read the review in the Economist. My opinion is that a time comes when received concepts of capitalism, democracy etc will have to thrown away–not just reexamined. If China is becoming less of a capitalist state, it is not becoming more of a communist state. A capitalist state with “high-handed” government control (of the economy) is not essentially a non-capitalist state.
Ayo Ojebode

Thanks. Just read the review in the Economist. My opinion is that a time comes when received concepts of capitalism, democracy etc will have to thrown away–not just reexamined. If China is becoming less of a capitalist state, it is not becoming more of a communist state. A capitalist state with “high-handed” government control (of the economy) is not essentially a non-capitalist state.
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