Comments on: Red China Inc. http://www.solidarityeconomy.net/2007/03/07/red-china-inc/ The Politics, Economics & Culture of Radical Change Tue, 10 Jan 2012 17:56:18 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Lailany V. http://www.solidarityeconomy.net/2007/03/07/red-china-inc/comment-page-1/#comment-50314 Lailany V. Thu, 21 Apr 2011 09:20:45 +0000 http://www.solidarityeconomy.net/2007/03/07/red-china-inc/#comment-50314 China's central financial institution once again bumped up the level of cash reserves the nation's banks must hold. The move is a try to curb Chinese inflation that is emerging as a serious threat to a global economy reliant on cheap Chinese exports. Donald Trump, who has suckered the media into believing he may run for president, has offered a solution to Chinese rising prices that involves a 25 percent tariff on Chinese imports, a suggestion that has been universally debunked by people who know something about such subjects. I found this here: <a title="China rising prices anticipated to raise prices worldwide" href="http://personalmoneystore.com/moneyblog/2011/04/18/china-inflation-threatens-global-growth/" rel="nofollow">China struggles to curb inflation that threatens global growth</a> China’s central financial institution once again bumped up the level of cash reserves the nation’s banks must hold. The move is a try to curb Chinese inflation that is emerging as a serious threat to a global economy reliant on cheap Chinese exports. Donald Trump, who has suckered the media into believing he may run for president, has offered a solution to Chinese rising prices that involves a 25 percent tariff on Chinese imports, a suggestion that has been universally debunked by people who know something about such subjects. I found this here: China struggles to curb inflation that threatens global growth

]]> By: Carl Davidson, SolidarityEconomy.net http://www.solidarityeconomy.net/2007/03/07/red-china-inc/comment-page-1/#comment-319 Carl Davidson, SolidarityEconomy.net Wed, 07 Mar 2007 18:50:28 +0000 http://www.solidarityeconomy.net/2007/03/07/red-china-inc/#comment-319 Fascinating article, especially to someone, like me, who visited China decades ago, just before and just after the death of Mao. I would differ with the authors on markets necessarily being capitalist. Markets preceded capitalism and will be around afterwards. They're mainly a function of scarcity. A socialist market economy is just what China has, and while it's true that 'with Chinese characteristics' can mean lots of things, I take it to mean the CCP rules with a tough hand, and the '5th modernization,' democracy, will develop step-by-step, from the bottom upwards, and over a good period of time. I also know there are a number of contending political trends in China, which this piece, unfortunately, only hints at. Fascinating article, especially to someone, like me, who visited China decades ago, just before and just after the death of Mao.

I would differ with the authors on markets necessarily being capitalist.

Markets preceded capitalism and will be around afterwards. They’re mainly a function of scarcity.

A socialist market economy is just what China has, and while it’s true that ‘with Chinese characteristics’ can mean lots of things, I take it to mean the CCP rules with a tough hand, and the ’5th modernization,’ democracy, will develop step-by-step, from the bottom upwards, and over a good period of time.

I also know there are a number of contending political trends in China, which this piece, unfortunately, only hints at.

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