[lbo-talk] Harvey

Doug Henwood dhenwood at panix.com
Wed Dec 7 09:31:45 PST 2005


C. G. Estabrook wrote:


>On Wed, 7 Dec 2005, Doug Henwood <dhenwood at panix.com> wrote
>
>> ... China, which is anything but neoliberal.
>
>Is that quite clear, mutatis mutandis? The transformation
>under Deng ("Let some people get rich first") included such
>things as the confiscation of social services (e.g., medical
>care) characteristic of neoliberalism.

Yes, but the state's hand has been very strong, capital flows severely restricted, the financial sector "repressed," the exchange rate fixed, and state enterprise kept going as a floor under the economy. Aside from screwing the working class, you'd have to mut a lot of mut's to make the whole package neoliberal.

Doug



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