EAN: 9783963172793

THE STATE AND CAPITAL IN CHINA - RENILDO SOUZA ...

The State and Capital in China offers a critical interpretation of Chinese recent history 
scrutinizing the political and economic turnaround post-1978. It analyzes the dynamics of the
party-state system  the de-collectivization of agriculture  the liberalization of the labor
market  the rise of private sector  the crucial role of the global market  the new social
exploitation  and the prospects for China. In the near future  it will no longer be possible to
maintain current gigantic investment levels that feed its high economic growth. Global
competition  technological dispute  and the downward pressure of overaccumulation on the rate
of profit are all significant limits to Chinese current economic model. The immense
inequalities in income and wealth have been fuelling protest and worker strikes  while
environmental damage limits natural resources availability. The problems of Chinese capitalism
discussed in this book have been exacerbated by the new cold war unleashed by the United
States. Building on the theory of uneven and combined development  this book assesses the
Chinese development  refusing the economism often present in appraisals of this theme. Worker
struggles and progressive forces can benefit from this research on the nature and implications
of the transformations in the world's second largest economy and a new superpower.

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