Re: Harvey
C. G. Estabrook wrote:
On Wed, 7 Dec 2005, Doug Henwood dhenwood@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