Capitalism

Columbia University Press: In early 20th-century China, Chen Diexian (1879-1940) was a maverick entrepreneur—at once a prolific man of letters, captain of industry, magazine editor, and cosmetics magnate. He tinkered with chemistry in his private studio, used local cuttlefish to source magnesium carbonate, and published manufacturing tips in how-to columns. In a rapidly changing society, Chen copied foreign technologies and translated manufacturing processes from abroad to produce adaptations of global commodities that bested foreign brands. Engaging in the worlds of journalism, industry, and commerce, he drew on literati practices associated with late-imperial elites but deployed them in novel ways within a culture of educated tinkering that generated industrial innovation.Through the lens of Chen’s career, Eugenia Lean explores how unlikely individuals devised unconventional, homegrown approaches to industry and science in early 20th-century China. She contends that Chen’s activities exemplify “vernacular industrialism,” the pursuit of industry and science outside of conventional venues, often involving ad hoc forms of knowledge and material work. Lean shows how vernacular industrialists accessed worldwide circuits of law and science and experimented with local and global processes of manufacturing to navigate, innovate, and compete in global capitalism. In doing so, they presaged the approach that has helped fuel China’s economic ascent in the 21st century. Rather than conventional narratives that depict China as belatedly borrowing from Western technology, Vernacular Industrialism in China offers a new understanding of industrialization, going beyond material factors to show the central role of culture and knowledge production in technological and industrial change.{chop}

Globalization has reconfigured both the external institutional framework and the intrinsic operating mechanisms of capitalism. The global triumph of capitalism implies the embracing of the market by the state in all its variants, and that global capitalism is not confined to the shell of nation-state democracy. Guoguang Wu provides a theoretical framework of global capitalism for specialists in political economy, political science, economics, and international relations, for graduate and undergraduate courses on globalization, capitalism, development, and democracy, as well as for the public who are interested in globalization. Wu examines the new institutional features of global capitalism and how they re-frame movements of capital, labor, and consumption. He explores how globalization has created a chain of connection in which capital depends on effective authoritarianism, while democracy depends on capital. Ultimately, he argues that the emerging state-market nexus has fundamentally shaken the existing institutional systems, harming democracy in the process. —Cambridge University Press{chop}

When Deng Xiaoping launched China on the path to economic reform in the late 1970s, he vowed to build “socialism with Chinese characteristics.” More than three decades later, China’s efforts to modernize have yielded something very different from the working people’s paradise Deng envisioned: an incipient kleptocracy, characterized by endemic corruption, soaring income inequality, and growing social tensions. China’s Crony Capitalism traces the origins of China’s present-day troubles to the series of incomplete reforms from the post-Tiananmen era that decentralized the control of public property without clarifying its ownership.Beginning in the 1990s, changes in the control and ownership rights of state-owned assets allowed well-connected government officials and businessmen to amass huge fortunes through the systematic looting of state-owned property—in particular land, natural resources, and assets in state-run enterprises. Mustering compelling evidence from over two hundred corruption cases involving government and law enforcement officials, private businessmen, and organized crime members, Minxin Pei shows how collusion among elites has spawned an illicit market for power inside the party-state, in which bribes and official appointments are surreptitiously but routinely traded. This system of crony capitalism has created a legacy of criminality and entrenched privilege that will make any movement toward democracy difficult and disorderly.Rejecting conventional platitudes about the resilience of Chinese Communist Party rule, Pei gathers unambiguous evidence that beneath China’s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay. —Harvard University Press{chop}

From the clipper ships that ventured to Canton hauling cargos of American ginseng to swap for Chinese tea, to the U.S. warships facing off against China’s growing navy in the South China Sea, from the Yankee missionaries who brought Christianity and education to China, to the Chinese who built the American West, the United States and China have always been dramatically intertwined. For more than two centuries, American and Chinese statesmen, merchants, missionaries, and adventurers, men and women, have profoundly influenced the fate of these nations. While we tend to think of America’s ties with China as starting in 1972 with the visit of President Richard Nixon to China, the patterns—rapturous enchantment followed by angry disillusionment—were set in motion hundreds of years earlier.Drawing on personal letters, diaries, memoirs, government documents, and contemporary news reports, John Pomfret reconstructs the surprising, tragic, and marvelous ways Americans and Chinese have engaged with one another through the centuries. A fascinating and thrilling account, The Beautiful Country and the Middle Kingdom is also an indispensable book for understanding the most important—and often the most perplexing—relationship between any two countries in the world. —Henry Holt{chop}

Modern Shanghai: a global city in the midst of a renaissance, where dreamers arrive each day to partake in a mad torrent of capital, ideas, and opportunity. Marketplace’s Rob Schmitz is one of them. He immerses himself in his neighborhood, forging deep relationships with ordinary people who see in the city’s sleek skyline a brighter future and a chance to rewrite their destinies. There’s Zhao, whose path from factory floor to shopkeeper is sidetracked by her desperate measures to ensure a better future for her sons. Down the street lives Auntie Fu, a fervent capitalist forever trying to improve herself with religion and get-rich-quick schemes while keeping her skeptical husband at bay. Up a flight of stairs, musician and café owner CK sets up shop to attract young dreamers like himself, but learns he’s searching for something more. As Schmitz becomes more involved in their lives, he makes surprising discoveries which untangle the complexities of modern China: A mysterious box of letters that serve as a portal to a family’s—and country’s—dark past, and an abandoned neighborhood where fates have been violently altered by unchecked power and greed.A tale of 21st century China, Street of Eternal Happiness profiles China’s distinct generations through multifaceted characters who illuminate an enlightening, humorous, and at times heartrending journey along the winding road to the Chinese Dream. Each story adds another layer of humanity and texture to modern China, a tapestry also woven with Schmitz’s insight as a foreign correspondent. The result is an intimate and surprising portrait that dispenses with the tired stereotypes of a country we think we know, immersing us instead in the vivid stories of the people who make up one of the world’s most captivating cities. —Crown Publishers {chop}

Through a series of lively and absorbing portraits of iconic modern Chinese leaders and thinkers, two of today’s foremost specialists on China provide a panoramic narrative of this country’s rise to preeminence that is at once analytical and personal. How did a nation, after a long and painful period of dynastic decline, intellectual upheaval, foreign occupation, civil war, and revolution, manage to burst forth onto the world stage with such an impressive run of hyperdevelopment and wealth creation—culminating in the extraordinary dynamism of China today?Wealth and Power answers this question by examining the lives of eleven influential officials, writers, activists, and leaders whose contributions helped create modern China. This fascinating survey begins in the lead-up to the first Opium War with Wei Yuan, the nineteenth-century scholar and reformer who was one of the first to urge China to borrow ideas from the West. It concludes in our time with human-rights advocate and Nobel Peace Prize laureate Liu Xiaobo, an outspoken opponent of single-party rule. Along the way, we meet such titans of Chinese history as the Empress Dowager Cixi, public intellectuals Feng Guifen, Liang Qichao, and Chen Duxiu, Nationalist stalwarts Sun Yat-sen and Chiang Kai-shek, and Communist Party leaders Mao Zedong, Deng Xiaoping, and Zhu Rongji.{node, 3592}The common goal that unites all of these disparate figures is their determined pursuit of fuqiang, “wealth and power.” This abiding quest for a restoration of national greatness in the face of a “century of humiliation” at the hands of the Great Powers came to define the modern Chinese character. It’s what drove both Mao and Deng to embark on root-and-branch transformations of Chinese society, first by means of Marxism-Leninism, then by authoritarian capitalism. And this determined quest remains the key to understanding many of China’s actions today.By unwrapping the intellectual antecedents of today’s resurgent China, Orville Schell and John Delury supply much-needed insight into the country’s tortured progression from nineteenth-century decline to twenty-first-century boom. By looking backward into the past to understand forces at work for hundreds of years, they help us understand China today and the future that this singular country is helping shape for all of us. —Random House

Socialism Vanquished, Socialism Challenged examines the twenty-year aftermath of the 1989 assaults on established, state-sponsored socialism in the former Soviet bloc and in China. Editors Nina Bandelj and Dorothy J. Solinger bring together prominent experts on Eastern Europe and China to examine the respective trajectories of political, economic, and social transformations that unfolded in these two areas, while also comparing the changes that ensued within the two regions. The volume features paired comparisons, with one chapter on the countries from the former Soviet bloc and one on China for each of the following themes: the reinstitutionalization of politics, the recasting of state-society relations, the reform of economic systems, changes in economic behavior, and transformations of social institutions. Despite differences in the specific substantive focus and disciplinary grounding among individual chapters, all chapters share a concern with the fate of the state in postsocialism. They elaborate on topics such as the transformations of the old socialist state and its nature, activities and roles; civil society before and after 1989; the ways in which the state has, or has not, acted to encourage new forms of economic behavior; and the state's responsibility for societal trends, whether in family formation, in protest or in inequality. Taking a unique approach to understand twentieth-century socialism on a global scale, Socialism Vanquished, Socialism Challenged uncovers insights about political models and economic patterns that have emerged in the grand project of the transition from socialism. —Oxford University Press