Marv: Sorry but I am confused. You write: "In an age of finance capitalism, what significance to attach to the fact that China’s financial system is state-owned and controlled?" Surely that statement re-framed can be inverted, to apply to the USA - making the distinction you pose (between 'state' and private' capital) irrelevant? I mean who "owns and controls" either NY bourse or the Federal Reserve? The inverted statement would run then as: "In an age of finance capitalism, what significance to attach to the fact that America's financial system is state controlled for the benefit of the private capitalists who control the state?" Maybe you view this as terribly naive. But I do believe that is the way to frame the matter. Be well, Hari
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