Western coverage of events in China is highlighting a lurch leftwards by Xi Jinping. But this misunderstands Beijing’s approach and is fuelled by dismay that Xi has not followed the path that the West wanted him to.
Neoliberalism does not have to be 1 to 1 with the Washington Consensus, it is mostly used to define the deregulation/liberalization of markets while still maintaining some government oversight to keep industry somewhat in line. "Major industries in China are owned and managed by the state" is somewhat true, but you are making it sounds like nearly every company in China is owned by the CPC, the vast majority are not.
It is no coincidence that when neoliberalism became the de facto economic ideology in the west Deng followed the tenets and deregulated and liberalized the markets to attract western investment. These western companies that outsourced labor/production to china were not owned by the CPC. As is still the case today
Socialism isn’t a fifteen year implementation process where society is reformed into a loose confederation of worker-coops that has outlawed the commodification/profit & rent seeking of housing, food, medicine, and other essentials supported by a welfare state.
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Neoliberalism does not have to be 1 to 1 with the Washington Consensus, it is mostly used to define the deregulation/liberalization of markets while still maintaining some government oversight to keep industry somewhat in line. "Major industries in China are owned and managed by the state" is somewhat true, but you are making it sounds like nearly every company in China is owned by the CPC, the vast majority are not.
It is no coincidence that when neoliberalism became the de facto economic ideology in the west Deng followed the tenets and deregulated and liberalized the markets to attract western investment. These western companies that outsourced labor/production to china were not owned by the CPC. As is still the case today
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why not :angery:
thanks for the links.