The keys to Chinese successful economic growth

The Chinese case proves that presenting Capitalism or Marxism as the only alternatives is a complete fabrication that belongs to the Cold War.

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Until the arrival of Deng Xiaoping, China was an economic example of what happens wherever Marxist ideologues rule: scarcity of consumer goods and very low salaries, scarcity of housing and general poverty at a deprivation level. Now China is the most important and dynamic world economy.


Deng openly discarded Marxism as a political guide. He said very clearly that abstract ideologies were a fraud (agreeing with Sismondi on that perception) that the only thing that was useful for designing government policies were deeds. Den’s policies can be resumed as follows:


(1) foreign private capitalist investments,

(2) private Chinese capitalist enterprise development and growth, and

(3) partnerships between them.


The Chinese Communist Party and the Chinese state apparatus controlled and maneuvered the resulting acceleration of surplus production to tilt investments toward the growth goals set by the party and the state. China’s surplus was also used, secondarily, to reproduce the complex class structures of private and state enterprises and of foreign and domestic private capitalists, and finally to undertake the regulation of markets and governmental economic planning.


Today, China challenges the United States as the Main Economic Power and has an increasingly big domestic market.


The Chinese case proves that presenting Capitalism or Marxism as the only alternatives is a complete fabrication that belongs to the manufactured confrontation after the Second World War that was labeled Cold War. It was a false confrontation even then. Polarization has well served both bands that present themselves as the only options. Basic Political Science methodology teaches that there are never identical political problems. Every political issue has its own reasons to exist, frequently the problem is rooted in history, for that reason alone, all political leaders should be knowledgeable and well acquainted with history, not only national history but also world history, because economically and politically there is no such thing as an isolated nation and foreign influence is always present in domestic affairs.


Latin America is a good example of that principle. It became independent because it was part of a project approved by British Capitalism.


Almeria 21/07/2021

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