"The question is "Would/will the People's Republic of China move in the direction of democratizing their enterprises: state-owned, private, domestic, foreign or not? Will they hold on to socialism with Chinese characteristics, in terms of what they have now, or will they move to a different definition?" That's an open question for the People's Republic of China, but let me be clear, it's an open question for everybody in all capitalist countries, with all socialist political organizations. Which way are you going to go depends on what definition of capitalism versus socialism you work with, and you may not be conscious about it, but you're making that choice whether you're aware of it or not." - Richard D Wolff

This is a clip from the lecture "The Challenge of China [July 2021]." In the full lecture, Prof Wolff discusses the following topics:

1. China’s Economic Growth since its Revolution (1949)
2. China’s Economic “Model” and the Global Economy
3. China, Capitalism, and Socialism
4. China versus the US: Options versus Threats

Watch the full lecture:    • Global Capitalism: The Challenge of C...  
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