On Nov 17, 2014, at 1:15 PM, Marv Gandall wrote:
> China took another major step today to restoring full-fledged
> capitalism, opening its Shanghai stock exchange to all foreign
> investors and allowing its own citizens to buy overseas assets on
> the Hong Kong bourse.
What "restoration?" China has been capitalist for a long time, and since 1949 its form of capitalism has been monopoly state capitalism in Stalinist mode (ie., state capitalism calling itself socialism). And since the Deng reforms it has moved steadily into convergence with its "non-socialist" Western homologue, state monopoly capitalism.
Shane Mage
"scientific discovery is basically recognition of obvious realities that self-interest or ideology have kept everybody from paying attention to"