CHINA’S RISE: STRENGTH AND FRAGILITY
By Au Loong-Yu with contributions from Bai Ruixue, Pierre Rousset and Bruno Jetin
Published by Merlin Press in association with Resistance Books and the IIRE.
RRP: £15.95, 326 pages, ISBN. 978-0-85036-637-2
This book is a collection of essays which look at the inherent contradiction in the rise of China from a class perspective. It argues that China is a bureaucratic capitalist state which is a special kind of state capitalism. Only with bureaucratic capitalism does the merging of the bureaucracy and the state reach a point where the bureaucracy privatizes the state in its entirety and makes the latter a vehicle for underpinning the accumulation of bureaucratic capital.
Combining the coercive power of the state and the power of money, the bureaucracy enjoys all the advantages of state capitalism in promoting both neck-breaking industrialization and taking anti-cyclical measures in the midst of the…
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