[Marxism] The Class Nature of the Chinese State.
Carlos Eduardo Rebello
crebello at antares.com.br
Mon Oct 29 05:58:19 MDT 2007
China's GDP in 2006 was just over 2
trillion dollars. Compare that to the GDP of the US at just under 13
China's economy is growing at a faster rate than any other economy, only
because it started further back. Its economic role in global terms lies in
providing a source of cheap labour and resources for western
IMF and the World Bank are US controlled, the dollar remains the
reserve currency, and the US spends more on defense than its next ten
competitors combined. How many major corporations are Chinese?
In fact, the fast pace of Chinese industrialization is a typical
case-history of what Trotsky named, in his opening chapter of _History of
the Russian Revolution_, "advantages of backwardness", a situation in which
the "advantages" (selection of the speediest pace avaliable) only make sense
in terms of the previous backwardness. The fact that Japan, for instance,
cannot attain today Chinese GDP growth rates is a tell-tale sign of the
imperialist maturity of the Japanese economy...
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