[lbo-talk] Superprofits

Doug Henwood dhenwood at panix.com
Wed Nov 5 15:28:32 PST 2003


Michael Dawson -PSU wrote:


>Yes, and China is also the only Second/Third World society that possesses a
>ruling class that is consciously copying what Japan started doing after the
>Meiji Restoration -- state-led, import-substituting industrial capital
>accumulation, with an eye to eventual Great Powerhood. You can be sure
>that, if the U.S. had been able to shove its IMF-shod foot through the door
>after the socialist roaders self-immolated 25 years ago, China would look
>even worse than Russia now does.

Yup, no doubt about that. Why was the Soviet elite so corrupt(ible), and the Chinese not?

Doug



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