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The Dig: China Boom w/ Ho-fung Hung

Jacobin Radio

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Capitalism in China - The Differences

A key premise 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 as an economic system are universal, though capitalism is always enmeshed in historically and nationally specific sociopolitical structures. 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 while there is a history of capitalism in China?

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