Chinese Capitalism (1)

"Not many economists would think to dedicate their work to a couple of imprisoned villagers and an executed housewife." - Perry Anderson

UCLA History Professor Perry Anderson reviews Yasheng Huang's Capitalism with Chinese Characteristics (Cambridge, 2008) in the London Review of Books (28 January 2010, pages 3 and 5-6) "His central finding is that the apparently unbroken rates of high-speed growth [in China] have rested on two quite different models of development" - the pre-1989 liberalization, which brought momentary prosperity to the countryside, and its post-1989 reversal, which shifted funds and foreign investment to the cities, one of which Huang describes as a "forest of grand theft." Those millions of villagers who migrated to the big cities in the 1990s were pushed to do so by poverty back home.