-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Eubulides Sent: Monday, November 17, 2014 7:21 PM To: Progressive Economics Subject: Re: [Pen-l] [lbo-talk] Another milestone in the restoration of Chinese capitalism
On 11/17/14 11:59 AM, Marv Gandall wrote: > Well, let's set that polemic aside and agree that it's been restoring the system of private ownership in finance and manufacturing which prevailed in China prior to 1949, albeit on a much larger and more advanced scale. it's now become a major economic power in its own right, exporting capital and acquiring foreign assets which were beyond its reach as a wholly dependent and exploited semi-colony of the imperialist powers prior to the Chinese Revolution. ======== With all due respect to a bearded guy who used to live in England and the legal realists, ownership is always already a social relation. The plasticity of the term private is just about useless these days. E. -------------- With the disappearance of the "Iron Rice Bowl" China began to 'produce' an industrial reserve army. The absence of such an 'army' is not in itself evidence of a "socialist economy," but it _is_ evidence (the _best_ evidence) of a non-capitalist society. Carrol _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
