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  1. Description. James Moore: "The end of cheap nature is best comprehended as the exhaustion of the value-relations that have periodically restored the “Four Cheaps”: labor-power, food, energy, and raw materials. Crucially, these value-relations are co-produced by and through humans with the rest of nature."

    • The Weight of The State in The Economy
    • In Conclusion: The Full Picture
    • Using Market Pricing
    • Post Tienanmen Policies
    • The Role of Crisis

    Excerpted from Jonathan Clyne: "The popular image presented in western media is that the State Owned Enterprises, SOEs, are thelast remaining dinosaurs of socialism in China, soon to die out. But the industries of the “rust-belt”stubbornly refuse to do just that. A discussion paper with the title Explaining the Persistence ofState Ownership in Chin...

    If you put it all together the following picture emerges: 1. About one third of GDP is produced by the SOEs. They are highly concentrated andcompletely dominate investment. They run the decisive sectors of the economy. 2. About one third of the economy is private. However, the state has a considerable influenceon this sector. Firstly a large part i...

    "In 1978 the Chinese state fixed prices for 100 percent of all transactions of producer goods, 97percent of all retail sales, and 93 percent of all farm commodities. By 2003 this had fallen to 10percent, 2.6 percent, and 1.9 percent respectively. Market prices, no more than participating on the world market, have changed the basic character ofthe C...

    "At Tienanmen Square, the bureaucracy crushed the movement21decisively. And could do so because the bureaucracy could still play a role in developing theeconomy rapidly. However, they also slammed on the brakes of the capitalist train, and evenpartially reversed it.In the eighties the market economy made big strides forward, mainly through the deve...

    "China also lacks another decisive characteristic of capitalism – a boom/slump cycle. Ever sincecapitalism first became the dominant mode of production in a country, it has been accompanied bycrisis of over-accumulation. These crises, which were already documented in the CommunistManifesto, can appear every ten years or every five years. They can b...

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