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Tommy4ever
23rd January 2011, 22:42
What do you think will happen to China and the CCP after their economic boom ends?

When the 10% growth rates end and the 2-4% growth rates begin.

Do you think they will end their policies of rampant state supported capitalism? Will the Party try to reform itself again?

What do you think will happen?

Victus Mortuum
23rd January 2011, 23:55
Honestly from what I can make of economic signals in the country, recession may be only a few years away. Unemployment is very low and wages are on the rise and workers are struggling against employers. Companies are considering starting to move elsewhere (sometimes even considering coming back to the U.S.). Profits in China seem to be near maxed out based on the above - meaning that malinvestment will start into things like the chinese stock market as well as capital exportation. Then, the crash will happen and they will enter the world crisis and that's where things will get interesting.

Will the CP re-establish state control? Will workers rise up and take power? Or will it be a rather uninteresting seizure of power by the Chinese bourgeois where they finalize a rep. democracy and institute all out neo-liberalism? The class struggle will decide.

However, I'm no expert in the history or current structure of China, so I may be misunderstanding something important here.

L.A.P.
24th January 2011, 02:29
Everyone may be raving about how well China's economy is doing now and how they're going to be the next superpower. Capitalism has become a highly addictive drug for China and just like how every other drug works there is always a crash, wait until they get a taste of their first economic recession and see how hard they fall.