me: > I'm not sure that the capitalists in the > BRICs are that different from those in the richer countries, either.
CB: > China's are quite different.They are dominated by the Communist > Party. It's capitalism under wraps, a truly new form. It is the state > dominating the monopolies instead of the monopolies dominating the > state. it's more of a matter of the monopolies and the state forming a unified bloc. After all, the CP of China is a rich-person's club. (They should get credit for being embarrassed by this fact.) BTW, there have been other cases of corporatist capitalism, where the political sphere is dominated by a single authoritarian political party that purports to combine and represent the interests of capital and labor, while suppressing the independent organization of the latter. It was a form of capitalism that prevailed in some countries in western and central Europe during the 1930s. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
