Rural and urban industrial developments in the mow period laid the foundation for the capitalist boom in the 19 eighties. What does it mean that existing socialism, as emmanuel wallerstein argued, never operated outside of the capitalist world system? In many actually iting social states, from the soviet union to estern europe to comulis china after 19 forty nine, equality is part of it, definitely. They try to promote equality, either as a kind of part of propaganda or some actual thing that they do. But the first property is rilllot equality. The first property is accumulation and growth. Actually that sote rapid industrialization. Is the pove
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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