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Is Capitalism China's Salvation?
Beginning of article
Will Hutton, The Writing on the Wall: China and the West in the Twenty-first Century, Little, Brown
Chairman Mao once famously declared, at a time when China was suffering immense rural poverty, that 'only socialism can save China'. Later, due to the Sino-Soviet disputes, the sentiment among many Chinese - however self-deceiving - became 'only China can save socialism'. Furthermore, China's initial market reform project was also firmly socialist in commitment, even though how exactly a market economy might cohere with socialist values was yet to be worked out. And during the optimistic search for a new direction after the cultural revolution, the popularly endorsed ambition - …
