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2024 | OriginalPaper | Buchkapitel

3. The Institutionalization of Crony Capitalism in Market Leninism (1990s–2002)

verfasst von : Jianyong Yue

Erschienen in: Crony Comprador Capitalism

Verlag: Springer Nature Switzerland

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Abstract

This chapter explores China's institutional transition to capitalism, tracing the shift from market socialism to what has been termed “market Leninism” since 1992. It examines how, in the aftermath of global events in 1989, the Communist regime sought legitimacy, leading to the flourishing of crony capitalism in China. By 2002, this crony capitalism had become fully institutionalized, marking a substantial transformation of the Communist Party into a “major right-wing dictatorship.”

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Vorheriges Kapitel Market Socialism and the Emergence of China’s Crony Capitalism: The Role of the Princelings

Nächstes Kapitel Zhang Chunqiao’s Curse and the Transition to Comprador Capitalism (Late 1980s to 2002)

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On 9 Jan 2012, the official China Youth Daily reported the 2011 “Social Progress Series Research Report” issued by the Institute of Social Progress of Tsinghua University’s Kaifeng Development Research Academy and the Social Development Research Group of the Department of Sociology of Tsinghua University. The online version of the report was quickly deleted by the Internet supervision department. See news report “Tsinghua University Report Calls for Mass Consensus to Restart Political Reform,” Radio France International, 09/01/2012.

Pei, M (2016), p. 264.

On September 16, 1993, Deng Xiaoping expressed the following sentiment to his younger brother, Deng Ken: “A small number of individuals have amassed significant wealth, while the majority have not. If this trend continues, it will inevitably lead to future issues. Unequal distribution will result in polarization, and problems will eventually arise. This issue must be resolved. In the past, our focus was primarily on development, but upon reflection, the challenges that arise after development are no less significant than those faced in the absence of development.” Deng Xiaoping Nianpu (1975–1997) II, zhongyang wenxian yanjiushi (Beijing), 2004, p. 1364.

Titel: The Institutionalization of Crony Capitalism in Market Leninism (1990s–2002)
verfasst von: Jianyong Yue
Verlag: Springer Nature Switzerland
Buch: Crony Comprador Capitalism
Print ISBN: 978-3-031-53153-8

Electronic ISBN: 978-3-031-53154-5

Copyright-Jahr: 2024
DOI: https://doi.org/10.1007/978-3-031-53154-5_3

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