Sunday, September 27, 2009

Maoists Gaining Influence Within China's Government ?

So says 'Market Wu' - Wu Jinglian, one of Deng Xiaoping's leading neo-liberal economic advisors:

"In interviews, Mr. Wu says he feels compelled to speak out because conservatives and “old-style Maoists” have been gaining influence in the government since 2004. These groups, he said, are pressing for a return to central planning and placing blame for corruption and social inequality on the very market reforms he championed."

A dispersal of political and economic power, particularly to the coastal regions, was an inevitable consequence of normalizing trade relations with the capitalist world. A reaction to this within the central government should also not be a surprise. "Old-style Maoists", or proponents of a strongly centralized state, will gain even more leverage if growth rates dwindle and China faces any type of banking crisis.

1 "China's Wu Jingliang Keeps Talking" - NYT

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