The Transition from State Capitalism to Private Capitalism: Is Capitalism Here to Stay?
There has been a proliferation of alternative types of economic
organizations within the Chinese economy since the beginning of the
reforms in 1978/1979. It started out as illegal to engage in a wide range
of entrepreneurial activities and has evolved into a relatively wide open
environment where many individuals engage in self-employment (the ancient
class process whereby the person creating value is also the first receiver
of that value) and an increasing number hire others to produce value in
capitalist firms. Indeed, not only are new capitalist firms being started
at an increasing rate (with the red tape associated with starting a
business having declined much faster than anyone expected), but the older
state capitalist firms have been morphing into private capitalist firms,
creating a tidal shift in control over surplus value (both in terms of
decentralization and de-statization). But China has gone through a number
of sea-changes in class terms since the 1949 Revolution. Why are we to believe that this
current sea-change is more permanent than past ones?
There has been a proliferation of alternative types of economic
organizations within the Chinese economy since the beginning of the
reforms in 1978/1979. It started out as illegal to engage in a wide range
of entrepreneurial activities and has evolved into a relatively wide open
environment where many individuals engage in self-employment (the ancient
class process whereby the person creating value is also the first receiver
of that value) and an increasing number hire others to produce value in
capitalist firms. Indeed, not only are new capitalist firms being started
at an increasing rate (with the red tape associated with starting a
business having declined much faster than anyone expected), but the older
state capitalist firms have been morphing into private capitalist firms,
creating a tidal shift in control over surplus value (both in terms of
decentralization and de-statization). But China has gone through a number
of sea-changes in class terms since the 1949 Revolution. Why are we to believe that this
current sea-change is more permanent than past ones?
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
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