After overtaking Japan, this year China became the second largest economy in the world. Some experts have even predicted that by the end of this decade China may become the largest economy bypassing the United States. However, that is based on a mechanical, empirical approach that sees China maintaining its present levels of growth uninterruptedly for years to come. In the past Japan was also supposed to keep on growing, but then its apparent meteoric rise was cut across by a long period of stagnation.

The bourgeoisie has never, anywhere, been able to find the key to unlock the mysteries of their own economic system. The only way to understand capitalism is to accept and to explain its contradictory, crisis-ridden nature. It cannot be perfected; its riddle will never be solved from within its confines. Precisely because the apologists of capitalism can never accept this fact, they are forever shifting from one side of the problem to the other.

On the ninetieth anniversary of the founding of the Chinese Communist Party we published a series of articles that trace the origins and subsequent development of this party, which has played a key role in world history. Dan Morley outlines the conditions in China that led to the foundation of the party as part of the Communist International. The founders of the party looked to the October revolution in Russia as their model, with the working class playing the leading role. 

During the revolutionary events in Egypt, the Chinese authorities displayed extreme nervousness, increasing the police presence on the streets and clamping down on the Internet, where references to the Egyptian Revolution were banned. Why should the rulers of China be so worried about events taking place in distant countries?

In this second part of Jeppe Druedahl's contribution to the discussion on China, he explains how initially the Chinese bureaucracy, after the death of Mao, introduced market methods as a means of stimulating production within a planned economy. However, over time the capitalist methods began to dominate and the relation between the plan and the market were overturned. Quantity was transformed into quality, and capitalism has come to dominate. [part one]

Join us!

Help build the forces of Marxism worldwide!

Join the IMT!