This article was written at a time (Autumn of 1976) when many on the left had big illusions that Maoist China was somehow a genuine socialist regime. Alan Woods was able to see beyond the fog of the Maoist propaganda and see what was really happening in China. This article provides interesting background information for anyone who wants to know the truth about the nature of the Chinese bureaucracy, that same bureaucracy that is now pushing China more and more towards capitalism. (Editor’s note, January 14, 2005)

Recent nationalist, anti-Japanese demonstrations have brought to the surface many contradictions within Chinese society and also between China and its main rivals. The authorities have tolerated these demonstrations, as they do not threaten the regime as such. It shows how far the so-called Chinese Communist Party has degenerated in its ever-growing embrace of capitalism and all the monstrosities that go with it.

Building upon the theoretical work which had already been undertaken in relation to Russia, Eastern Europe and the Tito-Stalin split, the article by Ted Grant puts forward a perspective in relation to China that is lucid and consistent from a Marxian point of view, and moreover, brilliantly prophetic. With the world 'leaders of Trotskyism' still humming and hawing, the article goes straight to the point and applauds 'the destruction of feudalism and large-scale capitalism, in this important section of Asia, even though it is carried out under the leadership of Stalinism. In its long-term implications, it is as important as the October revolution itself.'

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