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China in World Capitalism

It will take more than a few racist remarks by the Duke of Edinburgh to put a damper on the Queen's visit to China. A spokesman for the Chinese ruling class tactfully claimed to know nothing of the Duke's clanger, signalling that the real purpose of the visit was not a journalists' jamboree but talks about sales and business. British trade with China shows a sizeable surplus in Britain's favour, but is still only a small proportion of China's trade with the United States or West Germany. Just as the British capitalist class see a potentially massive market in a billion Chinese consumers. so their Chinese counterparts rely on exports to finance their high-technology imports. As the Chinese economy becomes more industrialised, so it becomes more integrated into, and dependent on, the world capitalist economy.

Don't Mourn Deng Xiaoping

Deng Xiaoping, the behind-the-scenes boss of Chinese capitalism, died on 19 February at the ripe old age of 93. He had an eventful life, on a political roller-coaster that saw him ejected from government in disgrace more than once but enabled him to live out his last decade as a wielder of unofficial but still supreme power. He had long enjoyed all the benefits of ruling-class membership, such as access to the best health-care that he didn't need to buy, and flying his cronies in for games of bridge, a privilege unavailable to most workers in China or anywhere else.

Cooking the Books: Osborne, Mao, Same Struggle

It was a good idea to twit George Osborne about his new-found love for the dictatorship in China to make the point that, when it comes to finding markets and investment outlets, ideology doesn’t matter. What does instead is the material, economic interest of the capitalist class, and that Osborne, as one of their governmental representatives, served this interest on his recent visit to China, despite it being a dictatorship and, to boot, one that (falsely) claims to be socialist.

Blood on Their Hands

On 7 January this year Pol Pot was toppled from power, and a few days later the founding of the People's Republic of Kampuchea was announced, the president being Heng Samrin. The new government was installed in power with the help of Vietnamese troops, and was very much a Vietnamese creation. The Heng Samrin regime was immediately recognised by the Russian-bloc states, but most countries still regard the Khmers Rouges as the "legitimate" rulers, in spite of the horrors they inflicted on the country and manifest fact that they control no more than a small part of its territory. Norodom Sihanouk, who has distinguished himself solely by often and abruptly changing sides. has prostrated himself before the United Nations, begging for international assistance and support for the barbarians who helped destroy his country. Kampuchea and its people have become entangled in a web of hypocrisy, deceit and suffering which is remarkable even by capitalism's gruesome standards.

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