How To Explain China’s Great Advances Economically: A Marxist Analysis

In this article Michael Roberts is doing what he does best. He compares three economic models to explain why China has become an economic powerhouse in the last 30 years. They are Neo-classical, Keynesian and Marxist. Each model is explained in plain English and each has its strengths and weaknesses. He closes by discussing the future of China. While he argues that China is not socialist, it is undeniable that the heart of its profits have come from investments by state enterprises rather than by foreign capital.