Reform and opening up is always one of those things I didn’t like, but understood. So far it’s worked to massively increase China’s control over global production and is in line with how Lenin saw the NEP (If they want to sell us the rope, let them). So far the downsides include over exploitation of workers in any of these zones and also exploitation of specifically migrant workers near these zones to generate profit for a new capitalist class.
If this new capitalist class can be controlled and kept from creating a new power structure, it’s a useful tool for dealing with imperialists, but it needs to always be subject to complete liquidation. Which is how China seems to approach this class.
The leveraging of foreign capital to develop domestic production for domestic consumption is also a plus. A trade surplus allows China to have some financial levers of power and keeping foreign capitalists from private ownership of the land their factories sit on also creates a positive power dynamic.
The development of China’s domestic consumption has also made it irresistible to western capitalists who will continually prostrate themselves at the CPC’s feet for access to it no matter what they say in the west.
Reform and opening up is always one of those things I didn’t like, but understood. So far it’s worked to massively increase China’s control over global production and is in line with how Lenin saw the NEP (If they want to sell us the rope, let them). So far the downsides include over exploitation of workers in any of these zones and also exploitation of specifically migrant workers near these zones to generate profit for a new capitalist class.
If this new capitalist class can be controlled and kept from creating a new power structure, it’s a useful tool for dealing with imperialists, but it needs to always be subject to complete liquidation. Which is how China seems to approach this class.
The leveraging of foreign capital to develop domestic production for domestic consumption is also a plus. A trade surplus allows China to have some financial levers of power and keeping foreign capitalists from private ownership of the land their factories sit on also creates a positive power dynamic.
The development of China’s domestic consumption has also made it irresistible to western capitalists who will continually prostrate themselves at the CPC’s feet for access to it no matter what they say in the west.