By Martin Hart-Landsberg
[A version of this article appeared in the South Korean journal, Marxism 21. It has been posted at Links International Journal of Socialist Renewal with Martin Hart-Landsberg’s permission.]
February 2010 -- The consensus among economists is that China’s post-1978 market reform policies have produced one of the world’s greatest economic success stories. Some believe that China is now capable of serving as an anchor for a new (non-US dominated) global economy. A few claim that the reform experience demonstrates the workability (and desirability) of market socialism. This paper is critical of these views.