On transitional economics ‑ Why and how China went capitalist (Part One)
Does the development of China on a
capitalist basis deny the theory of permanent revolution? Does it mean
that capitalism on a world scale has a new lease of life? What was China
under Mao? In this first part of a two part article, which we publish
as a contribution to the discussion, Jeppe Druedahl looks at these and
other questions and draws lessons from the development of the Soviet
Union after the revolution and under the Stalinist bureaucracy.
