Roger Hicks
Veteran
Roger, I'm sure you're aware that capitalism is not a political system, whilst communism is. Our own Alexander Hamilton was quite in favor of a strong central government, with rule directed from the top and the states abrogated to supporting positions. He was still a capitalist.
As I know you have visited China, you know as well as I do that they've been experiencing 7% growth in their GDP year-on-year for well over a decade now, with only a slight hiccup during the recent global economic meltdown. They are tied to the USA in a way that they may now find alarming, but their economic engine is indeed a capitalist model, regardless of their central control of the social parameters of their system.
Dear Bill,
I can't quite see how you can fail to read them in the same way Marx did, as rival political theories. Sure, a capitalist can be more or less statist, centralist, paternalist, etc., but what of it? A communist can discard those bits of communism that stand in the way of his personal wealth, usually for bad motives, just as a capitalist can discard those bits of capitalism that augment his personal wealth, often for good motives.
Seven percent growth in GDP, year on year, is not that hard from a very low base, especially if you disregard all concepts of sustainability and equality and loot the countries around you for raw materials, via the pretence that they aren't 'really' neighbouring countries, but an inalienable part of China. Also, there are other measures of human happiness. India is doing pretty well economically in terms of growth of GDP, but it doesn't have the mealy-mouthed, exceptionalist, sef-satisfied attitude China does.
I find the linkage between the USA and China more alarming when I consider that a centralized one-party state can revalue its currency, withdraw all investment, and cause the collapse of any of its debtor states. In other words, I regard the USA as being at greater risk than China from this linkage, quite apart from the fact that China is a morally repugnant state. Bringing down the USA would, however, probably bring down the current Chinese Empire, which is why the Chinese probably won't do it. I just don't like the idea that they have, in effect, already won a war with the United States.
Tashi delek,
R.