What Is Interesting About the Chinese Model of Rapid Industrialization?

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

A key distinction between the soviet union model of rapid state let industrialization and the chinese one, is that tatin basically destroy the presentries and and promote the urbanization of the population. The peasant economy was destroyed, replaced by the people's commil system,. But they capped the rural population there at the same time for many, many reasons. They worry about this kind of a rural to urban migration will create an employment and hencea instability in the city.

Part one of a two-part interview with sociologist Ho-fung Hung on Chinese political economic history from the 18th century to 2008: why capitalism took off in England and then elsewhere but not in China; and then, how Maoist policy laid the groundwork for China’s ultimate capitalist takeoff and boom. Episode two will focus on the 2008 financial crisis, the deepening imbalances and heightened geopolitical conflict that resulted, and the current situation—including the impact of the crises surrounding Russia’s invasion. Support The Dig at Patreon.com/TheDig