L'Humanité in English
Translation of selective papers from the french daily newspaper l'Humanité
decorHome > International Communist and Labor Press > CHINA AND MARKET SOCIALISM

EditorialWorldPoliticsEconomySocietyCultureScience & TechnologySportInternational Communist and Labor Press"Tribune libre"Comment and OpinionBlogsLinks
About Socialism, read also
decorInterview with the National Secretary of the PCF, Fabien Roussel, with the correspondent of La Pravda, Andrey Dultsev decor Americans will not win from the confrontation with China" Interview of Jean-Claude Delaunay by L’Humanité decorUnited States. Youth and Socialism: The Reasons for a Meeting decorU.S. Communist Party leader tours China, shares impressions decor China: International Meeting on Marxism decorXi pledges ’new era’ in building moderately prosperous society decorRemembering the Reformer decorHappy New Year 2016 decorA Wonderful First World Congress on Marxism in China decorLimits to the Freedom of the Press: The Case of Charlie Hebdo decorGlobalisation and Socialism decor“Human beings and hard work” - the secret of Europe’s most successful left party.
About China, read also
decorThe Communist Party of the Russian Federation and Socialist China decorChina, the UN, Multilateralism and the Emerging World, under fire from Trump decorMedia curbs show Washington’s tricks against... decorUN envoy calls for ’solidarity’ in battling virus outbreak decorHong Kong chaos: What’s it really all about?... decorWho is behind Hong Kong Protests? decor习近平同志,法国欢迎你! decorANTI-CHINESE RACISM ON THE STAND decorLet world see how China has developed, Xi says decorSpring Festival Gala criticised for ’racist’ blackface sketch decorParty leadership key for decisive victory decorSHOULD WE TURN OUR BACK ON CHINA OR COOPERATE...
International Communist and Labor Press


by Rémy Herrera



Translated Saturday 22 June 2019, by Hervé Fuyet


Monday, June 17, 2019

Rémy Herrera
The "Chinese Model" and us Tony Andréani L’Harmattan, 208 pages, 21.50 euros.
In a book that goes off the beaten track, Tony Andréani analyses the current situation.

To those who claim that China has converted to capitalism, Tony Andréani replies in this book that Chinese successes are due to "a draft of market socialism". According to precise criteria defining such socialism (prevalence of collective choices, planning, etc.), he shows that China meets them. The term "draft" means that, for some of these criteria (e.g. social security or labour law), however, it has a long way to go. It would only be at a "primary phase of socialism", as the Chinese themselves call it - which is already much more than "left-wing Keynesianism". The author thus rejects the traditional expression of "state capitalism", in particular because state enterprises are not there to pay dividends to the state owner or to value its securities, are otherwise managed through meaningful management participation of their employees and occupy all key sectors of the economy by "serving as the armed arm of the state" for the achievement of its objectives.

He argues that in China the state controls capitalist oligopolies in many ways (control of capital, credit by large public banks, joint ventures, presence in the capital and board of directors of large private companies) and that it stimulates effective demand through public investment, which is the driving force behind each stimulus. Tony Andréani insists that state-owned enterprises are not focused on capitalist profitability. According to him, it is the low prices of the various inputs they provide to other companies in the domestic economy that make Chinese exports more successful commercially than low wages. Moreover, a significant part of the Chinese economy is not strictly speaking capitalist (number of small businesses, crafts, so-called "collective" economy) and cannot therefore practice capitalist prices. In addition, the Chinese government is trying to control the capital markets, particularly the financial markets, by continuing to favour (and regulate) the credit market and banking intermediation. Exciting and original developments are devoted to the political and social system in this courageous, relevant, informed and useful book.

Rémy Herrera Economist

Follow site activity RSS 2.0 | Site Map | Translators’ zone | SPIP