Degloblization or Market Pluralism?

"American-Style capitalism has no patent right on the market," the Chinese communist party's ideology chief, Hu Qili, told NPQ in an interview at the great hall of the people in Bejing back in 1987. With this phrase that must have made Mao embalmed body turn in its crystal sarcophagus not far away in Tienanment Square, the Chinese Leadership was not only signalling its departure from totalitarian economics, but also its refusal embrace the Anglo-American laissez-faire model as the only way to produce wealth.

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