Red Inc. : Dictatorship and the Development of Capitalism in China, 1949-2009
Book Details
Format
Hardback or Cased Book
ISBN-10
1594517118
ISBN-13
9781594517112
Publisher
Taylor & Francis Inc
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 30th, 2011
Print length
272 Pages
Weight
464 grams
Dimensions
23.60 x 15.70 x 1.90 cms
Ksh 30,600.00
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Provides a sweeping, critical account of the political and economic changes that have transformed China since 1949, challenging conventional analyses.
Red Inc. takes issue with the view that economic development will eventually promote democracy. It outlines in detail the enormous social costs of the rapid rise of China''s economy. Although many observers argue that Deng Xiaoping introduced capitalism to China in the late 1970s, Schaeffer believes that capitalist development really began during the 1950s under Mao Zedong. But although Mao made relentless efforts to generate the capital needed to finance economic development, his regime failed to promote any real growth. Schaeffer shows that the remarkable rise of its economy in recent years has provided China with new and often corrupt sources of wealth and power that have enabled it to resist democracy. He brings into sharp focus the consequence of the regime''s uncompromising approach to capital accumulation.
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