The Quiet Revolution: The Emergence Of Capitalism In China Analysis

Realizing the potentially devastating effects that could come from such a rapid embrace of capitalism, the Chinese government’s structured testing of these capitalist principles and the CPC’s gradual transfer of control created an opportunity for economic actors to “slowly learn the rules of capitalism” while also maintaining the maximum level of political stability and influence as possible. The Chinese government was able to maintain its anchoring role for newly established institutions that were navigating the uncharted waters of a new free market economy. As economic agents became more stable and successful, the government limited its presence to allow for the free-market factors to grow. Economic agents thus received the best of both worlds
Because China introduced capitalism in a way not similar to many Western democracies, many people have an incorrect and uneducated view of China’s current structure and some even fail to recognize the presence of capitalism in China’s economy. Many people, fooled by the way in which China utilized its communist principles to ensure a smooth transition to capitalism, view China and its economy as an authoritarian system that is fully controlled by a corrupt government. Yet this is far from the truth and China’s current system represents a new “resilient authoritarian” model of how capitalism can exist without the joint existence of a democracy
the rise of capitalism in a communist state has many people around the globe interested to see what the future has in store for the state of China’s political structure. Some say that the current state of China’s capitalist economy under an authoritarian rule is simply a passing phase that will eventually lead to the fall of communism in China, eventually paving the way for the full democratization of the country. Others, including Stanford political science graduate Martin Dimitrov, explore the possibility of China’s political model serving as a new and viable alternative to the wave of democratization and Western liberalization that has swept over much of the rest of the world. For those that believe the democratization of China is the obvious final step for their economic reform, they point to the historical example of the evolution of England to justify their reasoning. Much like China’s process of reform, England ushered in the principles of capitalism and rule of law into its system before eventually establishing itself as a democratic state. As similar as China’s experience may sound, China’s experience is still unique and its current state does not offer any definitive evidence to aid in predicting the final outcome of China’s political structure. Chinese authorities, and even Chinese citizens, seem to show very little interest in adopting a fully