[Marxism] Another milestone in the restoration of Chinese capitalism

Shane Mage shmage at pipeline.com
Mon Nov 17 11:49:48 MST 2014

On Nov 17, 2014, at 1:15 PM, Marv Gandall via Marxism wrote:
> China took another major step today to restoring full-fledged  
> capitalism, opening its Shanghai stock exchange to all foreign  
> investors and allowing its own citizens to buy overseas assets on  
> the Hong Kong bourse.

What "restoration?" China has been capitalist for a long time, and  
since 1949 its form of capitalism has been monopoly state capitalism  
in Stalinist mode (ie., state capitalism calling itself socialism).  
And since the Deng reforms it has moved steadily into convergence with  
its "non-socialist" Western homologue, state monopoly capitalism.

Shane Mage

"scientific discovery is basically recognition of obvious realities
that self-interest or ideology have kept everybody from paying  
attention to"

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