Abstract
This chapter delves into the conceptual challenges associated with comprehending China's economic system and development model within the global academic landscape. It examines the concepts of crony capitalism and comprador capitalism, both of which are highly pertinent to the Chinese context. Ultimately, the chapter conceptualizes Chinese capitalism as a unique form of crony comprador capitalism.
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Notes
- 1.
For example, H. R. McMaster, former U.S. National Security Advisor 2017–2018, wrote in his memoire, “Deng Xiaoping’s reforms generated prosperity, but they also caused ideological incoherence… Authoritarian capitalism created ample opportunities for corruption and produced a bourgeois class larger than any other self-proclaimed Communist country has ever seen.” McMaster, H. R. (2020): Battlegrounds: The Fight to Defend the Free World. London: William Collins, p. 101.
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For instance, Joshua Kurlantzick identifies “state capitalists as countries whose government has an ownership stake in or significant influence over more than one-third of the five-hundred largest companies, by revenue, in that country, a situation that gives these governments far greater control over the corporate sector than a government in a more free-market oriented nation like the United States or the United Kingdom, Generally, in these state-capitalists countries the government sees itself as having a direct role to play in managing the economy and guiding the corporate sector.” Kurlantzick, J (2016): State Capitalism—How the Return of Statism Is Transforming the World. Oxford: Oxford University Press, p. 9.
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Yue, J. (2024). Introduction. In: Crony Comprador Capitalism. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-53154-5_1
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