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.