[lbo-talk] Superprofits

Doug Henwood dhenwood at panix.com
Wed Nov 5 06:40:43 PST 2003


uvj at vsnl.com wrote:


>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?

How about a country the U.S. could carpet bomb at will?


> >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?

That's not what I was asking. China has been able to attract FDI on very favorable terms, requiring lots of tech transfer and local sourcing. Has India been able to do the same?

Doug



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