29
Jan
17

Chinese capitalist understands nature of state power better than many “Marxists”

I recently watched John Pilger’s documentary “The Coming War on China”.

Other than being a searing exposé of US imperialism’s ongoing crimes against peoples of the South Pacific and a highlighting of the very real threat of a war on China one thing that struck me was a comment by Chinese venture capitalist Eric Li.

This should be of particular interest to the many who like to think of themselves as “Trotskyists” or stand in the tradition of some other form of non-Stalinist Marxism but also believe that China is a capitalist state.

“In America you can change political parties but you cannot change the policies. In China you cannot change the party, but you can change policies … China is a vibrant market economy, but it is not a capitalist country,” in China, “capital does not rise above political authority,” and there is no way a group of super rich people can control the politburo, “as billionaires control America’s policy making.”
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3 Responses to “Chinese capitalist understands nature of state power better than many “Marxists””


  1. January 29, 2017 at 20:55

    Alan you triumphalism is a wet sock. The capital most certainly rises above the ‘political authority’ in the form of the law of value. Eric Li may not be aware of it because he is a shill for the regime,. but you don’t have the same excuse…

  2. January 29, 2017 at 20:56

    Just posted this: “Alan you triumphalism is a wet sock. The capital most certainly rises above the ‘political authority’ in the form of the law of value. Eric Li may not be aware of it because he is a shill for the regime,. but you don’t have the same excuse…”  “We know what is possible when we do what is necessary”

  3. January 30, 2017 at 14:17

    Dave,

    It is no doubt the case that in the long term your point is true (in that the class nature of state power will come into line with the law of value). But it is also true that at any particular moment there is no necessary direct correlation between the class nature of state power and the operation of the law of value in the society that state rules. Such was the case with the revolution and counter-revolution in Russia/Soviet Union.

    It is also no doubt something of a problem for Marxism that the period of this lack of correlation between the class nature of state power and the operation of the law of value in China has been so extended but still that lack of correlation continues to exist.


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