[lbo-talk] Superprofits

uvj at vsnl.com uvj at vsnl.com
Tue Nov 4 16:22:38 PST 2003


Doug Henwood wrote:


> China's path over the last 20 years has been mostly capitalist, and
> it has generated one of the most stunning growth performances in
> history. Violent, unequal, and ecologically destructive, but quite a
> success on its own terms. China has been able to do this in part
> because it's a very big country in a very strong bargaining position
> to set its own economic policy.

Are you sure China is not a colony/semicolony of Imperialism today? Can we have a definition of a semi-colony or a colony?


>On the face of it, India should be
> similarly situated. Why hasn't it performed similarly?

China's enjoys trade surplus of $100 bn with the US. Does any developing country have the kind of market access to the US and Japan that China has?

Ulhas



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