-----Original Message-----
From: Seth Ackerman
>
> The other was an interview with Chalmers Johnson who also criticized
>the media for saying the WTO would make China neoliberal and rich. But his
>point was that WTO will not significantly change China; that the country is
>still largely committed to state-guided development; and that that's a good
>thing.
Japan and S Korea are also committed to state-guided development, so there's no reason to assume marketization would change that in China. What distinguishes China is that its development is state-monopolized. The state owns the country. It's got the property and the capital. The question is whether it will keep expanding its base of state-owned enterprises or simply coordinate the development of emerging corporations. Will it maintain state socialism or slip into the statist extreme of the capitalist spectrum? And does it really matter?
Ted