Can State-Run Capitalism Absorb the Shocks of ‘Creative Destruction’?

A ChinaFile Conversation

Following are ChinaFile Conversation participants’ reactions to “China: Superpower or Superbust?” in the November-December issue of The National Interest in which author Ian Bremmer says that China’s state-capitalism is ill-equipped to absorb the shocks to the system inherent in the reform widely deemed necessary to preserve continued growth.

Unhinged in China

In one of the central scenes in Jia Zhangke’s new film, a young man working in the southern Chinese manufacturing city of Dongguan goes to an ATM and finds that he’s broke. He’s just spent the past month betraying his friends and hopping from job to job, including one as a tuxedoed servant in a brothel where he watched the woman he loves perform for clients. Standing in a daze in front of the bank, he gets a call from his mother, who harasses him for money and then berates him for having none.

The Grass-Mud Horse Lexicon

Over the years, China Digital Times (CDT) has collected hundreds of words and turns of phrase invented by China’s citizens of the Internet, its “netizenry.” Playfully evading online censors, netizens have created a world of “grass-mud horses” and “river crabs,” forever locked in battle in the “Mahler Desert.” CDT’s Grass-Mud Horse Lexicon is a collection of politically-charged terms which represent netizen resistance discourse.

This eBook includes a selection of “classic” terms which have endured beyond the events which generated them. They are arranged by category, and indices in alphabetical order by both English and pinyin are included. This is the netizen language you need to know to understand China’s Internet. —China Digital Times

 

Innovation in China

In China, innovation has become one of those political buzzwords which—like harmony—seems to mean anything and everything to the Central Propaganda Department. So much so that we find it difficult to walk down the streets in Beijing now without getting accosted by giant character banners encouraging us to economic feats of creative daring. But how much of what passes for innovation in China is actually the least bit innovative?

China: “Capitulate or Things Will Get Worse”

The massacre of protesters in Beijing on June 4, 1989, and the harsh repression during the months immediately following put China into a foul mood. Among ordinary Chinese, the prestige of the Communist Party, whose leaders had ordered the brutal assault, fell to a new low. Western governments applied sanctions and (at least in public) distanced themselves from “the butchers of Beijing,” to borrow Bill Clinton’s phrase. Some China-watchers wondered how long the regime could hold on.