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Red Inc. - Dictatorship and the Development of Capitalism in China, 1949-2009 (Paperback, New)
Loot Price: R1,373
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Red Inc. - Dictatorship and the Development of Capitalism in China, 1949-2009 (Paperback, New)
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"Red Inc." provides a sweeping, critical account of the political
and economic changes that have transformed China since 1949.
Although many observers argue that Deng Xiaoping introduced
capitalism to China in the late 1970s, "Red Inc." demonstrates that
capitalist development really began during the 1950s under Mao
Zedong. But while Mao made relentless efforts to generate the
capital needed to finance economic development his regime failed to
promote any real growth. By contrast, Deng successfully used
reforms to promote rapid growth. Importantly, China s remarkable
success was assisted by U.S. officials and by foreign investors who
were persuaded by crises in democratizing countries across Asia and
Latin America to migrate to China in search of low-wage labor and
to bankroll China s industrialization during the 1990s. Rapid
growth has provided the regime with new and often corrupt sources
of wealth and power that have enabled it to stifle dissent and
deter democracy. "Red Inc." challenges conventional accounts of
political and economic change in China, takes issue with the view
that economic development will eventually promote democracy in
China, punctures the regime s self-serving rationalizations about
costly and problematic economic and social policies, and provides a
detailed account of the enormous social costs imposed on rural and
urban workers, in particular on women and girls, by the regime s
uncompromising approach to capital accumulation."
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