China: Reformers and Compradors

11 Sep

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21centurymanifesto

by James Petras

China’s wealthiest classes have secured their recent fortunes through various means, both legal and illegal:  These include (1) the privatization of public enterprises; (2) the savage exploitation of cheap labor after destroying workers rights , protections and social welfare legislation; (3) large-scale, long-term corruption of government officials; (4) the often violent state-sponsored land-grabs from towns, villages and farmers and the land transfer to private investors; (5) real estate speculation; (6) changes in state regulatory policies leading to oligopolistic control of markets; (7) large-scale tax evasion, money laundering and offshore transfers of profits and (8) state policies dictating low wage and salaries and repressing workers collective action.

The Communist leadership’s pursuit of an ‘export-oriented’ growth model,  based on reducing labor costs to secure competitive advantages in world markets, coincided with the emergence of aggressive Chinese capitalists intent on increasing their profits and concentrating private wealth. This model of…

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