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The Coming War on China, (2016) running time 01:49:49

ERIC X. LI: I make the joke how in America you can change political parties, but you can't change the policies. In China you cannot change the party, but you can change policies. So in sixty-five or sixty-six years China's been run by one single party, yet the political changes that have taken place in China these past sixty-six years have been wider and broader and greater than probably any major country in modern memory. China is a market economy, and it's a vibrant market economy, but it is not a capitalist country. Here's why. There's no way a group of billionaires can control the politburo as it does American policy-making. So in China you have a vibrant market, but capital does not rise above political authority. Capital does not have enshrined rights. In America capital, the interest of capital and capital itself, has risen above the American nation. The political authority cannot check the power of capital. And that's why America is a capitalist country, but China is not.
Edgar Snow's Account of "The Long March" (1934-1936)
Hoover Institution Digital Collection, "Department's White Paper on China" (Transmittal Letter). US Department of State, July 29, 1949
Cast Away Illusions, Prepare for Struggle , August 14, 1949

Diversity is the key to economic and political evolution.
by Cat on Mon May 27th, 2019 at 05:14:45 PM EST
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