How does China’s hybrid system combine capitalism with communism? The answer, in part, lies in how little China is attached to Greek philosophy
This year marks the founding of China’s ruling Communist Party’s centennial, a period Beijing defined as a “glorious journey” in its latestIn July 1921, the first Congress of the Chinese Communist Party was held with 12 or 13 people in attendance, including Mao Zedong who later became the country’s ‘lifelong leader’. Participants of the Shanghai meeting could not even. But today the same party has millions of members, continuing to chart China’s destiny.
“It would not say that it was capitalist conduct, but a manifestation of socialism with Chinese characteristics. You might say that that is a little disingenuous. But being disingenuous has never bothered the CCP,” Parton, who was also the EU’s former First Councillor on China, tells“The ability to hold a contradiction in mind without discomfort is something which is difficult for the West, which has been brought up in the Aristotelian school of logic.
But the Chinese thought differently, believing that the CCP was good, but the economic system needed to be changed. As a result, they integrated capitalist elements into their political economy to adapt to the new reality of the 1990s. In contrast to that approach, the CCP’s success mainly lies in its “remarkable record of administrative competence” inside Chinese borders as Beijing also conducts a foreign policy relying “on soft power approaches, producing many win/win solutions” like the hyper-ambitious Belt and Road Project, the professor says.
A billboard advertises Xi Jinping Thought in Shenzhen, Guangdong. Xi is a defender of 21st Century Marxism, an ideology, which believes that socialism will eventually defeat capitalism. To the Chinese, Xi embodies a leadership pretty much like what Mao symbolised back in the day, so he is the current representative of Maoism.
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