There is no better example of neoliberalism’s abject failure…

March 24, 2012 § Leave a comment

There is no better example of neoliberalism’s abject failure to bring in its wake political renaissance than China because, based upon the economic determinist viewpoint, the consequences of economics are supposed to dictate politics and life’s patterns, fostering the predominate view among U.S. economists that China’s economic liberalism will lead to meaningful reform, i.e., ‘political openness’. However, economic liberalism has not sprung forth with any semblance of ‘political openness’ in China! In fact, an implacable Standing Committee of Nine, same as always, dictates the country’s politics and dissent is squashed like ripened tomatoes on a busy freeway.

Similar to 17th century Mercantilism whereby success is judged by exports exceeding imports, advancing commercial interests, China’s State Capitalism focuses on pure economic consequences. Thus, commercial interests are advanced to the level of national political policy, a dehumanizing factor in society as participants statistically react to events predetermining the individual’s role/slot in society, e.g., peasants fresh off the farm receiving $1.50/hr. for assembly-line work and living in tiny caged dormers. There is no economic liberalism at work to change politics. It is D.O.A. Rather, China is a prime example of how neoliberalism obliterates any hope for political renaissance.

http://www.counterpunch.org/2012/03/23/the-neoliberal-hoax/

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