It's historical, isn't it? Sometimes the more authoritarian, sometimes the less. Sometimes the carrot, sometimes the stick. Sometimes small property feels safe and secure, other times it feels itself being upended, expelled, crushed, and the small property-holders rush out into the streets only too eager to complete the job big capitalism has initiated-- driving down wages below subsistence, marching off to war-- another way of driving wages below subsistence and incinerating the overproduced means of production at the same time.
But I don't buy is that China represents a new paradigm for capitalism, which I think means for those who suggest it is so, that somehow the CCP, the State Council actually control the economy, and the market forces, rather than being controlled by them. I don't think that's the case-- certainly not in the export/import sector of the economy, certainly not in the special enterprise zones; certainly not in basic industry-- cement, steel, aluminum, etc. where overproduction has been officially acknowledged as the looming threat to economic stability. ________________________________________________ YOU MUST clip all extraneous text when replying to a message. Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
