China and Socialism: Market Reforms and Class Struggle

Overview

China is the fastest-growing economy in the world today. For many on the left, the Chinese economy seems to provide an alternative model of development to that of neoliberal globalization. Although it is a disputed question whether the Chinese economy can be still described as socialist, there is no doubting the importance for the global project of socialism of accurately interpreting and soberly assessing its real prospects.

China and Socialism argues that market reforms in ...

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Overview

China is the fastest-growing economy in the world today. For many on the left, the Chinese economy seems to provide an alternative model of development to that of neoliberal globalization. Although it is a disputed question whether the Chinese economy can be still described as socialist, there is no doubting the importance for the global project of socialism of accurately interpreting and soberly assessing its real prospects.

China and Socialism argues that market reforms in China are leading inexorably toward a capitalist and foreign-dominated development path, with enormous social and politcal costs, both domestically and internationally. The rapid economic growth that accompanied these market reforms have not been due to efficiency gains, but rather to deliberate erosion of the infrastructure that made possible a remarkable degree of equality. The transition to the market has been based on rising unemployment, intensified exploitation, declining health and education services, exploding government debt, and unstable prices.

At the same time, China's economic transformation has intensified the contradictions of capitalist development in other countries, especially in East Asia. Far from being a model that is replicable in other Third World countries, China today is a reminder of the need for socialism to be built from the grassroots up, through class struggle and international solidarity.

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Product Details

  • ISBN-13: 9781583671238
  • Publisher: Monthly Review Press
  • Publication date: 3/1/2005
  • Edition description: New Edition
  • Pages: 128
  • Product dimensions: 5.58 (w) x 8.00 (h) x 0.43 (d)

Meet the Author

Paul Burkett is professor of economics at Indiana State University and the author of Marx and Nature: A Red and Green Perspective.

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Table of Contents

Foreword 7
Preface 13
Introduction : China and socialism 15
1 China's rise to model status 20
2 China's economic transformation 34
3 Contradictions of China's transformation : domestic 62
4 Contradictions of China's transformation : international 87
5 China and socialism : conclusion 114
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