E. Mett
Y. Bumczik

China: Financing the Celestial Empire

China is in fashion. Enthusiasm for China can be found amongst liberals, technocrats and members of the World Bank. In the popular view “the people are brave and the culture squeaky clean.”

Maoists and proto-Maoists proclaim China as a genuine Socialist country, valiantly struggling through the unity of its three “classes”—the peasants, workers and the glorious Peoples’ Liberation Army—to industrialize without the bureaucratic distortions of the revisionist USSR.