Adam Tooze reviews Isabella Weber’s book on market reform in China, attributing China’s spectacular growth to the CPC's rejection of Western-prescribed “shock therapy” in the 80’s. According to Weber, the CP’s cautious approach to loosening price controls was mainly influenced by the party’s understanding of the decisive link between China's rampant postwar hyperinflation and the 1949 Revolution which swept the Nationalists from power.
https://adamtooze.substack.com/p/chartbook-newsletter-26?token=eyJ1c2VyX2lkIjoyNTAzMzEyMSwicG9zdF9pZCI6Mzg2MDg5ODgsIl8iOiI2QitSOCIsImlhdCI6MTYyNjAzMDAxOSwiZXhwIjoxNjI2MDMzNjE5LCJpc3MiOiJwdWItMTkyODQ1Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.ubs0hPzdQIBg6G2EM2qokFsrXsv-S3ipYjOBJ3caUb8 <https://adamtooze.substack.com/p/chartbook-newsletter-26?token=eyJ1c2VyX2lkIjoyNTAzMzEyMSwicG9zdF9pZCI6Mzg2MDg5ODgsIl8iOiI2QitSOCIsImlhdCI6MTYyNjAzMDAxOSwiZXhwIjoxNjI2MDMzNjE5LCJpc3MiOiJwdWItMTkyODQ1Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.ubs0hPzdQIBg6G2EM2qokFsrXsv-S3ipYjOBJ3caUb8> Also, Weber expands on the subject in her interview with Doug Henwood on his latest podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9zaG91dC5sYm8tdGFsay5vcmcvbGJvL3JhZGlvLWZlZWQucGhw?sa=X&ved=0CAMQ4aUDahcKEwjYqYPg5dvxAhUAAAAAHQAAAAAQAQ&hl=en-CA -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#9870): https://groups.io/g/marxmail/message/9870 Mute This Topic: https://groups.io/mt/84139246/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
