I listened to your interview of the professor from Defence Studies at the ANU with regard to China.
I wonder if he referred to the many pigs at the trough (the most responsible, unpunished) when the latest crisis of capitalist dynamics – the ‘GFC’ (which came within an ace of bringing down capitalism and has not gone away) broke out? I strongly doubt it.
The Chinese are way ahead of the West for three reasons:
> they have had their socialist revolution which the Western nations are yet to have – for the fundamental reason not that I wish it or to provoke your guest but as Marx identified (I am not a Marxist) – that of the level of development of the productive forces, the uncontrolled ramifications of which can be seen everywhere in the West
> they have the potential of the one-party state (cf. the obligatory myopic street-theatre of Republican/Democrat, Liberal/Labor etc.) which, since Deng Xiaoping, has shown a crucial capacity to release the engine of reward for individual initiative within a socialist framework – something the Soviet Communist Party was never able to do (Lenin first unsuccessfully attempted this with his NEP in 1921)
> bearing on this is the consequential rapid rise into the middle class of hundreds of millions of Chinese – a class historically associated with ‘democracy’ – i.e. ‘a voice’ and power. There will be an increasing tension between the Chinese one-party state and their rising middle-class and I think that the Chinese will continue to successfully address this and other matters and lead the world with forms of political and economic organisation that will be models for it.
Worth considering are Engels’ words from a letter to America in 1894:
‘The war in China has given the death-blow to the old China. Isolation has become impossible; the introduction of railways, steam-engines, electricity, and modern large-scale industry has become a necessity, if only for reasons of military defence. But with it the old economic system of small peasant agriculture, where the family also made its industrial products itself, falls to pieces too, and with it the whole old social system which made relatively dense population possible. Millions will be turned out and forced to emigrate; and these millions will find their way even to Europe, and en masse. But as soon as Chinese competition sets in on a mass scale, it will rapidly bring things to a head in your country and over here, and thus the conquest of China by capitalism will at the same time furnish the impulse for the overthrow of capitalism in Europe and America…’
ABC Radio National/Late Night Live 25.08.15/China crash