China’s winding road towards capitalism
There is perhaps no bigger controversy among partisans of the left than the nature of China and its economy. Is it socialist? Capitalist? State capitalist? A hybrid? That so much debate swirls around this issue is its own proof that the question doesn’t have a definitive answer, at least not yet. What we can do is analyze the actions and words of CCP leadership, which has carried out a slow progression toward capitalism.