Chinese State Capitalism: Slow, Steady and Long-Term Economic Growth

This is a long article but well worth reading. It summarizes many of the Chinese projects which will not only benefit Chinese capitalists, but most of Asia and parts of Europe. No wonder the financial capitalists in the US want a war. The Chinese are beating the West at its own game by making profits from building infrastructure. This is the very same process European and American capitalists engaged in during the 19th century!

Read in Global Research

Image from Business Insider

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

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