Capitalism in China - Is There a Difference?

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A key premise of your book is that of the china boom, is that capitalism in any particular country is not fundamentally different from capitalism elsewhere. The underlying principle and basic dynamics of capitalism, is an economic system, are universal. Why doesn't china represent a unique party state capitalism, as some argue? And what are the stakes of this point? That there is no chinese capitalism per se?"

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