Books of 2021: The Myth of Chinese Capitalism

It wasn’t that Tiff told me anything I didn’t already know. It is, rather, the way he lays all the facts out in a cogent argument that made me stop and think. Creating new terms and adding modifiers to frame China’s current economic system and business climate as “capitalism” was once a hopeful expression that China was somehow transitioning to something recognizably capitalist. Today it is clear that any concessions to capital were temporary and expedient, and that the Party has never strayed from its desire to build a centrally-controlled economy that can satisfy the material needs of the people while building national power and prestige.

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