The problem with China is that it isn’t a communism: it is a Stalinist construct whose beginning was a massacre of one million capitalists. Such a system can never be a model and I would that it is basic a system based on terror. Unfair?
Check out my DMNC model: all systems, including US and China are (degenerate versions of that model); the us has democracy in quotes, markets with a vengearnc, a bit of planning, a few nationalized tidbits, and no Commons. China has no democracy, capitalist colonialis markets, state capitalism but no Commons, and lots of planning
Bo0th systems here fail because they are fragments of DMNC.
The Three Revolutions of the Chinese Communist Party
By Walden Bello.
After a visit to the new Soviet Union in the 1930s, the American journalist Lincoln Steffens famously wrote, “I have seen the future and it works.” In a similar manner, China’s startling success has captivated many outside China.
One of those most mesmerized is the Columbia University economics professor Jeffrey Sachs. Sachs has done a complete turnaround from his early days as a champion of the free-market “Washington Consensus” in the 1980s and 1990s. In a recent talk with United Nations officials, Sachs claimed that “China shows a path for how it is possible to make profound transformations for well-being in a short period of time.”
Sachs, who has been accused by some of his colleagues of “channeling Xi Jin Ping,” is just one of a bevy of liberal and progressive western economists who no longer have any hope that a U.S. economy ruined by neoliberal policies that have fostered deindustrialization, out-of-control financial speculation, and spectacular inequality (with 50 per cent of the population having access to only 12 percent of the wealth) has much of value to offer the global South. China, on the other hand, is seen as the new North Star, the country most capable of providing global leadership for a strategy that Sachs calls “sustainable development.”
But China has not embraced Sachs’ “sustainable development,” nor has it promoted what some western economists have deluded themselves into thinking of as China’s response to the neoliberal Washington Consensus: the so-called Beijing Consensus. When it comes to what China has to offer the world, Beijing has gone out of its way to say it is not prescribing a model for other countries. Indeed, it has gone to some lengths to claim that what Deng Xiaoping called “socialism with Chinese characteristics” is a state-guided capitalist system unique to China and probably non-transferable.