MARX AND MARKETS: LEARNING FROM CHINA’S 40 YEAR ECONOMIC REVOLUTION

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by Justin Reynolds

Overshadowed by the perennial pain of Brexit negotiations and fresh flurries of speculation over her leadership, Theresa May’s trip to China earlier this month passed with little comment.

Democratic freedoms in Britain’s former colony Hong Kong were briefly discussed. A few business contracts were confirmed. And the shimmering outline of some future post-Brexit trade deal could at times be briefly discerned.

What was remarkable about the visit was scarcely noted:Continue Reading

COMMUNISM, CONFUCIUS AND CONFUSION: CHINA’S TURN TO THE SAGES

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By Justin Reynolds

Fifty years ago Mao Zedong’s Red Guards rampaged through the ancient streets of Qufu, home city of the sage Confucius, pulling down statues, burning temples and desecrating graves.

The ‘old customs, old culture, old habits and old ideas’ associated with the teacher who for millennia had provided philosophical legitimacy for China’s feudal order were to be swept aside by the Cultural Revolution to make way for a new classless society.

But today Qufu is one of communist China’s foremost places of pilgrimage. An sprawling museum and park complex stands by the restored temple, overlooked by a giant figure of Confucius the size of the Statue of Liberty. ‘The Holy City of the Orient’, with its gleaming new high-speed rail link, now attracts more visitors each year than the land of Israel.Continue Reading