Every late industrializer after england urite confronted a more competitive world market, and thus required more intensive state intervention to achieve capitalist take off. What we see in china is that they actually try to do exactly the same thing, but fail to do it. There's a lot of them. Contingent factors and and and less contingent factors. The insularity of japan is an island state, that it's compared to ch China. While the chines state led to coordinate a concentration and of resources and an an industrialization over the whole vast space of the empire,. It is much more difficult to do because of just the geographical vasles. And then it is a kind of
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.
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