A House divided: China after 30 years of reform
By: Weil, Robert.
Material type:
ArticlePublisher: 2008Description: p.61-69.Subject(s): Economic reform - China | Economic reform
In:
Economic and Political WeeklySummary: The 30 years of Chinese capitalistic "reforms" now exceeds the 29 years of socialist revolution under Mao. A "new" china emerged, economically powerful, showcased by the Olympics and spurred by nationalistic sentiments. But beneath this shiny surface there is growing polarisation between those with extreme wealth at the top and hundreds of millions in the working classes who have lost power and face a bleak struggle for survival in the global capitalist market. Despite ameliorative measures by the current leadership, there is no fundamental plan to reverse this ever widening divide. In the face of the deepening global economic crisis, these divisions are swelling. China is suffering its most severe downturn in decades, and working class protests are spreading. the Chinese left is re-emerging, but remains largely isolated from these popular forces. Only by begining to bridge that gap, can China once again find a socialist alternative. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 43, Issue no: 52 | Available | AR81254 |
The 30 years of Chinese capitalistic "reforms" now exceeds the 29 years of socialist revolution under Mao. A "new" china emerged, economically powerful, showcased by the Olympics and spurred by nationalistic sentiments. But beneath this shiny surface there is growing polarisation between those with extreme wealth at the top and hundreds of millions in the working classes who have lost power and face a bleak struggle for survival in the global capitalist market. Despite ameliorative measures by the current leadership, there is no fundamental plan to reverse this ever widening divide. In the face of the deepening global economic crisis, these divisions are swelling. China is suffering its most severe downturn in decades, and working class protests are spreading. the Chinese left is re-emerging, but remains largely isolated from these popular forces. Only by begining to bridge that gap, can China once again find a socialist alternative. - Reproduced.
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