[lbo-talk] Arrighi on the emergence of China, etc.

[Thomas Seay]

<< In so 
far as China is concerned, Galbraith's claim that we
are experiencing 
a golden age of reformed socialism rather than a
golden age of 
capitalism is probably accurate.>>

Well, it depends on how you define "socialism". If by
socialism, we mean that the govt owns and "plans" (to
some degree) the economy, then I guess we could call
China "reformed" socialism.  But that is the only
criterion by which China could be called socialist.

If by socialist we mean an economy run by and for
workers, then maybe Arrighi should go to China and ask
the workers there.  He'd better wear ear plugs to
avoid being deafened by the laughter.

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