China's Capitalist Boom - A Brief History

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China's capitalist boom is tantamount to an explosion ignited by the mixing of mauist legacies and east asian capitalism. Each developed separately on opposing sides of the cold war in asia. And that capital, in turn, had even deeper roots in coastal entrapenerial families who had departed ching era china to make their fortunes in european colonial outposts. We'll get more into these balances and contradictions and how they're playing out to day in in greater detail later on.

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