 Primitive Socialist Accumulation in China: An Alternative View on the Anomalies of Chinese “Capitalismâ€Sam-Kee Cheng Review of Radical Political Economics, 2020, vol. 52, issue 4, 693-715 Abstract: China’s economic system has yet to be adequately explained by any models. China’s export-led industries were initially viewed as a source of cheap labor but its economy has now emerged as a serious competitor to advanced capitalism. However, after decades of market reform, China’s state sector, rather than disappearing or being marginalized, has become a leader in strategic sectors and the driver of its investment-led growth. Heterodox political scientists and economists have long argued that China is at best a variant within global capitalism. This paper discusses heterodox theories that position China as part of global capitalism or regard it as a variety of capitalism. It then examines the anomalies of Chinese “capitalism†and suggests that primitive socialist accumulation—operating in conflict with capitalist accumulation—offers a more appropriate theoretical framework for studying China’s development. Keywords: Chinese capitalism; primitive socialist accumulation; Preobrashensky; state-owned enterprises; corporatism (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:52:y:2020:i:4:p:693-715 Access Statistics for this article More articles in Review of Radical Political Economics from Union for Radical Political Economics |
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