China is still a Communist nation in that the Communist Party, and ONLY the Communist Party holds power. Most other vestiges of traditional communism has been removed.
I reckon that China saw all the tigering going on in the region and decided to emulate it. Both tiger & cub economies were mostly authoritarian despite being democracies. China just stepped it up a gear or two without bothering with democracy.What is interesting is that Karl Marx railed against the excesses of the unfettered capitalism in the UK and thus came up with his theories, and now China is coming full circle. Its brand of capitalism is also devoid of regulation, rather, law! It moves whole villages or communities out of the way of industrial ‘progress’ without much consultation. It is still not a free-market. Everything is still state planned. It doesn’t really show free entrepreneurial spirit, it copycats. At any time the state can waltz in and distort the picture for its own ends. It isn’t really capitalism, it’s fake, a cheap made in China knockoff.
No one-party state survives the ten years after hosting an Olympics as the residents of Berlin, Moscow and Sarajevo will attest. Let’s just hope the powers-that-be in Beijing make it a smooth regime change.
frodo1008 over 11 years ago
For a supposedly Communist country China is awfully capitalistic!
OmqR-IV.0 over 11 years ago
I hate repeats.
Jason Allen over 11 years ago
China is still a Communist nation in that the Communist Party, and ONLY the Communist Party holds power. Most other vestiges of traditional communism has been removed.
OmqR-IV.0 over 11 years ago
I reckon that China saw all the tigering going on in the region and decided to emulate it. Both tiger & cub economies were mostly authoritarian despite being democracies. China just stepped it up a gear or two without bothering with democracy.What is interesting is that Karl Marx railed against the excesses of the unfettered capitalism in the UK and thus came up with his theories, and now China is coming full circle. Its brand of capitalism is also devoid of regulation, rather, law! It moves whole villages or communities out of the way of industrial ‘progress’ without much consultation. It is still not a free-market. Everything is still state planned. It doesn’t really show free entrepreneurial spirit, it copycats. At any time the state can waltz in and distort the picture for its own ends. It isn’t really capitalism, it’s fake, a cheap made in China knockoff.
Whitecamry over 11 years ago
No one-party state survives the ten years after hosting an Olympics as the residents of Berlin, Moscow and Sarajevo will attest. Let’s just hope the powers-that-be in Beijing make it a smooth regime change.