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Deciphering China (Part III): Projects in dispute

Claudio Katz :: 12.07.22

China’s status as capitalist or socialist will be determined by political struggles and popular battles. This dilemma is being processed within an intermediate formation with ruling classes that do not control state power. The country’s economic shifts have expressed conflicting interests rather than socialist continuities. Initial coexistence with the market differed from the later process of restoration.
Those who see a completed capitalist regression omit the fact that the fusion between the bourgeoisie and state functionaries has not been consummated. China’s socialist legacy is a major stumbling block to this integration, in a regime that is very different to any variety of state capitalism. There are various competing currents, including one for socialist renovation promoted by the New Left.
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