From Tiananmen to Shenzhen: Transition to Capitalism
Deng Xiaoping saved the regime from collapse in the summer of 1989 and played an equally important role in stabilizing it in the critical three years that ensued. He drew three major lessons from Tiananmen: no democracy, no appeasing the people, and appeasing the West. The impact of the Global 1989 and eagerness to make his reform legacy irreversible prompted Deng to embrace (global) capitalism in a more radical way. Underscoring high growth as the source of political legitimacy, Deng opened the door for market Leninist reforms at the expense of social justice. 1992 marked the beginning of the party state’s transformation from a left-wing dictatorship to a right-wing dictatorship.