Rethinking 'Capitalist Restoration' in China

Bibliographic Data

ID9198621
AuthorsYiching Wu (corresponding author)
Year2005
Volume57
Issue6
Pages44
Publication date2005-11-05
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueMonthly Review (JOURNAL)
Journal identifiersISSN: 0027-0520 • E-ISSN: 0027-0520
PublisherMonthly Review Foundation (PUBLISHER)
DOI10.14452/mr-057-06-2005-10_5
OpenAlexW2038069131
LanguageEN
Citations received6

Over a quarter century after China ventured onto the market path, it is high time to take a hard look and ask some very tough questions. That is what Martin Hart-Landsberg and Paul Burkett did in "China and Socialism: Market Reforms and Class Struggle" (Monthly Review, July-August 2004) and they concluded that "market reforms" have fundamentally subverted Chinese socialism. The considerable costs of economic liberalization, they argued, reflect the inherent antagonisms of the capitalist system that is in the midst of being imposed. "Market socialism" is at best a contradiction in terms, an unstable formation that only awaits progressive degeneration: "the Chinese government's program of 'market reforms,' which was allegedly to reinvigorate socialism, has instead led the country down a slippery slope toward an increasingly capitalist, foreign-dominated development path."This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website

China · Class conflict · Contradiction · Economic history · Economics · Government (linguistics) · Liberalization · Market economy · Market socialism · Political economy · Political science · Politics · Quarter (Canadian coin) · Socialism · China's Socioeconomic Reforms and Governance · Chinese history and philosophy · History · Law · Philosophy

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