By Keming Yang
When you consider that 1949, chinese language capitalists have skilled a few dramatic shifts of their political and fiscal lifestyles. Keming Yang examines what such adjustments let us know approximately China's present political scenario and destiny political improvement, utilizing either historic and present interdisciplinary facts.
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Additional resources for Capitalists in Communist China
Mao’s nightmare would be the CCP turned into a political party no better than the Nationalists as a consequence of this corrupt behaviour. 7 On 26 January 1952, the CCP’s Central Committee issued an instruction to launch the Five-Antis campaign, calling for an attack on ‘the unlawful capitalist class’,8 because Mao believed that the capitalists were behind the three crimes committed by some of his cadres and therefore posed a more serious threat to his new regime. Those state agents, cadres, or military officers were corrupted because they were contaminated by the thoughts and lifestyles of the capitalist class.
When the Communists were approaching Shanghai, many of his relatives and friends tried to convince him to leave for Hong Kong. ’ However, how long would such institutional framework stay as such? What would be the procedures of changing the government? Would the non-Communist parties be able to grow freely and compete for power with the Communists in the future? In short, did the capitalist political parties have a future as a ruling party in the People’s Republic? As Yang Kuisong ( ), a professor of the history of the PRC, pointed out, leaders of the Chinese Communist Party understood that they ‘would need the cooperation of the capitalist class….
2 The autonomy and the liberty gained as a consequence of breaking away from the state never seemed to be attractive enough. On the contrary, the capitalists and other businessmen saw the definite and clear benefits of being attached to the state. It is such dependence that explains their declining status in the new society once the new regime could afford to sever the mutually dependent relationship. Seen from another perspective, the Communist Party was very effective in making all social groups – not merely the capitalists but the workers as well – dependent on it, a key strategy for consolidating the Party’s power and its ruling legitimacy in the early years of the new regime.
Capitalists in Communist China by Keming Yang