China's wealthy bypass the banks

[James A. Donald]

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On 12 Nov 2004 at 11:12, Tyler Durden wrote:
> However, blaming the Chinese response to the Meiji 
> restoration on officially unsanctioned thought illustrates a 
> complete cluelessness about China. During that time Chinese 
> intellectuals (which at the time meant practically anyone who 
> had any kind of an education) regularly debating notions of 
> "Ti Yung", or the tension between what is esentially Chinese 
> vs what's useful from the Western World (and by the 1860s it 
> was starting to become clear that the west had some advanced 
> ideas). This is far more than a top-down dictatorship in the 
> Stalinist sense,

That is the revisionist version - that china was a free and 
capitalist society, therefore freedom is not enough to ensure 
modernity and industrialization - a proposition as ludicrous as 
similar accounts of more recently existent despotic states.

China during that period was the classic exemplar of "oriental 
despotism", the place on which the idea is based.

> just as the Cultural Revolution was far more than a bunch of 
> teenagers "obeying orders".

But the Cultural Revolution was merely a bunch of teenagers 
obeying orders, merely the simulation of a mass movement, with
mass compliance instead of mass initiative.


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         James A. Donald
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