Marvelous episode 1. As a Marxist oriented person, a big question is What is "Socialism with Chinese Characteristics". Clearly China went from the "Central Planned Economy" which was typical of the Bolsheviks / Leninist era of the Soviet Russia Revolution, with very little Private property, to a "Socialist Market Economy" (Deng Xiaoping era / Lenin with Nikolai Bukharin tried the "NEP"). But what that means? How were the resources of the Peoples of China allocated? The Party did allocate it. Allow some levels of Private Property of firms. Deng Xiaoping did established that everything could be criticized with these exceptions: the rule of the Communist Party. The "Four Cardinal Principles": * upholding the socialist path * upholding the people's democratic dictatorship * upholding the leadership of the Chinese Communist Party (CCP) * upholding Mao Zedong Thought and Marxism-Leninism Enshrined in China's Constitution. At the end it seems to me that in China the State controls the Corporations (priv/pub). In the Western "liberal democracies", the Corporations control the State (eg. Military Industrial Complex USA).
While Lenin was alive there was still large sectors of private economic activity in the Soviet Union. If you can't even get this right, it bodes ill for the rest of your mess.
In chinese 5000 history record, private economic entity always controlled by goverment who would not let these entities interfere policts. the social status order in acient time : scholar（士）1st, farmer（农）2nd, artisan（工）3rd, and merchant（商）last but lowest
And what Marxist believes in racist ultranationalism, crony capitalism (comparisons of the NEP are nonsense), massive inequality, colonialism, ethnic genocide in Tibet, Xinjiang, Hong Kong and Inner Mongolia? Obviously none. Currently Carl Schmitt is what CCP officials read these days. "Socialism with Chinese characteristics" means National Socialism, and if China were not so riddled with corruption that's what they would have, instead of the gangster regime it is today where the constitution and China's law are meaningless in the face of power of whatever CCP clique runs the show. Neither the Chinese, nor the CCP, have any interest in Marxism, or any version of Communism, nor the liberty it promises. The CCP is a fraud to cover the corrupt and incompetent imperial lineage we've seen dynasty after dynasty in China. The only thing Marxist in China is the aesthetics of the CCP's lies as it bluffs its way forward, desperate to keep power at any cost.
China is a democracy, it’s called “whole-process people's democracy”. The US is liberal democracy. Democracy is not only in one form and nobody has the right to force others to practice their version of democracy. Capitalism and the free market are two different things. In China, political power is in the hands of the state but the economy is decentralized. Meanwhile in the US, political power is in the hands of lobbyist groups. China is more into a market economy rather than capitalism. Free market can only exist if the government is sovereign so they can treat all companies equally and not be controlled by a number of oligarchs.
Democracy definition "a government in which the supreme power is vested in the people and exercised by them directly or indirectly through a system of representation". China does not fit this description. China is not democracy. Xi Jinpinf literally said that one of China's new core tenants is "Xi Jinping thought". Maybe China's system will work better than the U.S. but it certainly isn't democracy.
The main reason why Liberal democratic values are failing is that they were designed by a ruling class primarily for the purpose of protecting their privately owned wealth and influence over their respective working class populations. Liberal values place such an emphasis on privately owned wealth and individual freedoms that corruption and socio-economic inequality are an almost inevitable result that is all too difficult for multi party democracies to control. China's relatively more authoritarian single party form of governance, namely the Communist Party of China (CPC) is by definition more disciplined and efficient than Liberal democracies at meeting the social and cultural needs of it's people; hence China's relatively rapid production and economic progress since the 1970s.
All the western countries were starting out as oligarch authoritarian until it builds up its wealth. The civil rights movement was the turning point to a more Democratic government for all, it cost MLK his life.
The ideology of the CPC is socialism and controls capitalism. A moderate private capital is only allowed to invest in industries centered around manufacturing. Other industries are not capitalist, such as the media. In this industry, private capital does not have the right to collect and edit news, which means that they cannot generate original news by sending journalists to the scene for interviews and investigations. They can only copy and forward news from Xinhua News Agency. There is also finance. Currently, state-owned capital accounts for over 70% of China's financial capital and continues to rise, while private capital is actually shrinking in this industry. There is also infrastructure construction, and almost all large construction companies are state-owned enterprises. Almost all infrastructure in China, including power plants, bridges, high-speed railways, and ports, is built by state-owned enterprises. Jack Ma's Ant Finance attempted to gain profits through finance, but was immediately stopped by CCP. But capitalism is not impossible to develop in China. The manufacturing industry is handed over to private capital for development. These markets are highly profitable and have a huge market capacity, estimated to be around $5 trillion per year. This market is mainly composed of private capital, with a small proportion of state-owned capital. However, private capital must compete fiercely with each other to gain market share. The Chinese government only supervising enterprises to comply with laws and regulations and cracking down on ways of obtaining profits through monopolies, forcing private capitalists to gain competitive advantages and markets through technological progress, management progress, economies of scale, innovation, and other means. Because these markets are profitable, there is no need to worry about private capital not investing. For example, photovoltaic, new energy vehicles, home appliances, mobile phone manufacturing Internet companies such as tiktok, wechat, and Ali are all private capital. China's model is actually a de ideological approach to economic development. Ccp do not believe that economic development must allow private capital to freely control all industries, nor vote . The standard for testing which industries are suitable for private capital is whether they can improve productivity. Whether the ability to create true wealth has improved. Private capital can never threaten the government. It is impossible to brainwash the public through the media or control the government through financial control. So the development model of China's economy is actually a mixed system of capitalism dancing inside a box and socialism , and the economy is controlled and led by socialism.
@@john.8805 I know that corruption exists throughout most if not all nation states; my point is that some have more than others and some are better at dealing with it than others. Not difficult to know which is which when comparing the U.S. with China..
@@udayviruppal3730 one only has to make a casual examination of the crime, incarceration numbers, homelessness, drug addiction numbers, police violence, shrinking life expectancy, increasing poverty and involvement in regime changes and wars; to know just how and why the U.S. can and is described as a failing state. MAGA is impossible within a flawed christian Liberal democracy.
Here in the presentation of sister Pro. Ang has undermined the crucial role of Mao without whom the foundation of PR CHINA couldn't be imagined. It is that he (Mao) less mistakes. To undermine him means just to undermine the history of modern China. Deng added two magical bricks (economic reform and opening up). Zhang and Hu also did their best. Since the early 2010s Xi transformed CHINA into the world second largest economy and technologically advanced country. I would like to thank the Chinese leaders and peoples.
Excellent! I've been waiting for this. After spending 35 years in East Asia and 15 years in China, I often find it challenging to explain my experience regarding "China Business" to friends. This lecture was a clear, well-organized introduction that can help us understand China in a broader and deeper context. We need this kind of educational communication now more than ever. We must embrace thoughtful, well-considered, and careful leadership in our world wherever we find it. Let's make peace, health, and prosperity for life on Earth. Together, we thrive; divided, we fall.
Very informative in such a short time. Only thing I would disagree with is the juxtaposition between the USA as a “democracy” and China as a “one party dictatorship”. With just two parties both controlled by financial elites, and with almost identical foreign policies, the USA resembles more a two party oligopoly.
Yes, the pyramid structure of rights and wealth in human society has not changed because there are not enough resources to produce, but now the life of human beings in commercial society is much better than that in agricultural society, politics is good or bad according to the results, the United States and Europe have achieved success in the past 300 years because of their historically formed systems, so they measure all countries and civilizations by their own experience. But successful methods are not unique
Concise and persuasive thesis. Looking forward to other episodes. China's recent history as an interpretation will remain fluid for some decades, perhaps centuries, with many more debates yet to come and interpreters yet unborn.
Great! While we obviously can't cover every thread, we're trying our best to make educational material that at least gets more people learning and talking TOGETHER. We hope you enjoyed today's.
i think i learned more in this short clip than i did reading dozens of books by western observers! 😂😂enjoyed this thoroughly! well done. clarity was crystal n made so much for me
Chinese history has always interested me in 100 years China went from warlords and war crimes being committed against it which have yet to be answered for to being the next in line for the top spot of global superpowers. The thing about being on top is that everyone wants to knock you off, America and China must make and maintain peace and cooperation for the future of humanity. Great idea for a series!
Thank you Professor Ang. I find this Webture series very instructive. However I'm concerned you don't mention the role of the Soviet Union in the industrialisation of China after 1949. Other Chinese scholars emphasise this in particular how SU helped PRC establish heavy industry. They go further to state that without the rudiments of heavy industry industrialising China would have been much more difficult. Also, GDP p.c. comparison does not say if this is ppp or not or what exchange rate is applicable as in the case of Malawi.
This is my best opportunity to ask these questions. Given the relationship between East and West with the USA primarily representing the West. What does this mean for Taiwan's big picture? How destabilizing is the Taiwan paradigm to Global Economy and World Peace? Also, how destabilizing is the current Russia/Ukraine/West conflict and what will be the effect on China's policies?
The frailty of neo-Liberal multi party forms of governance is once again on full display in it's birthplace America. The political antagonisms and chaos in the U.S. together with similar political and social circumstances throughout most of Europe is further evidence of why the world needs to move toward more modern forms of socialism with national characteristics; more disciplined, effective forms of governance such as that having been demonstrated over recent decades by China's relatively peaceful progress and modestly increasing prosperity.
Mao did a great job united China back in one . Remember back then China is the poorest countries still fighting with Cheng running to Taiwan. The world trying to split china & other country continues pressing including sanctions. That’s externally issues. As you said it’s an era in progress. Internally, there are still numerous issues that needs to be solved one by one from rural areas to cities . Anyway, this set a foundation for new China as truly independent country without interference from other countries. Lastly, no one is perfect.
When Deng Xiaoping advised to lay low and bide your time, he didn't mean forever. When the time was right, China should assume its rightful place in the world. The time was right in 2014 when China became the world's largest economy by purchasing power parity. That's when China became enormously powerful. Nevertheless, powerful does not necessarily mean threatening. China has fought *no wars* since 1979, not even under Xi's leadership. China remains a peaceful nation. It continues to respect all countries and their sovereignty. Diplomacy and trade are the name of the game.
@@extalia Throughout history, many nations have had border clashes. They rarely turned into wars. This is key. Peacefulness is the absence of major wars. In the last 45 years, the USA and NATO have fought several major wars. I don't need to list them, do I?
Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries. These are not good outcomes for US citizens of US Government policies: Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing affordability, homelessness, the opioid epidemic, and gun violence. Instead of prioritizing the welfare of its people, the US meddles in other countries to spread its version of democracy. The question is whether the USA can continue to survive with its version of democracy, not whether it can have any leadership role in the global order. In China, the people cannot change their government, but they can change the government policies. In the West, the people can change their government, but they cannot change the government policies. In the US, the wealthy dictate (lobbying, political donations, and pork-barrelling are legalized) government policies. In China, the wealthy have no special say in government policies. Anywhere in the world, if there is a border dispute, it is usually the result of a line drawn by an Englishman; if it is an internal dispute, it is usually the US fueling it. Difference in implementation of divide and conquer strategy. The United States was financially exhausted by spending on the Space program, the Great Society program, and the Vietnam War. In 1971, it could no longer keep its Bretton Woods commitment to exchange gold and the US dollar at a fixed rate of $35 per ounce. The last time the US had a positive trade balance was in 1975. The US has basically been bankrupt since 1975. The US is now the world's largest debtor, reflected in its net international investment position (NIIP) of -$14.3 trillion. In comparison, China (including Hong Kong) is the world's largest creditor with a NIIP of $4.3 trillion. The last time the US had a positive NIIP was in 1988. A superpower does not borrow money from other countries to fund its military. Who is the most powerful country in the world - the world's largest debtor or the world's largest creditor?
The 2008 Beijing Olympics highlighted the issue of air pollution in China, drawing global attention to the problem. Chinese citizens have long complained about the high levels of air pollution in their cities. In response, the government implemented policies in 2014 aimed at increasing the use of solar and wind energy and promoting the development of electric vehicles. Today, China is a leader in various aspects of green technology. A few weeks after the blank sheet protests in Chinese cities with US embassies, the strict COVID policy to protect lives was reversed.
The United States was financially exhausted by spending on the Space program, the Great Society program, and the Vietnam War. In 1971, it could no longer keep its Bretton Woods commitment to exchange gold and the US dollar at a fixed rate of $35 per ounce. The last time the US had a positive trade balance was in 1975. The US has basically been bankrupt since 1975. The US is now the world's largest debtor, reflected in its net international investment position (NIIP) of -$14.3 trillion. In comparison, China (including Hong Kong) is the world's largest creditor with a NIIP of $4.3 trillion. The last time the US had a positive NIIP was in 1988. A superpower does not borrow money from other countries to fund its military. Who is the most powerful country in the world - the world's largest debtor or the world's largest creditor?
After listening to the video's evaluation of mao, I knew that there was no need to continue to watch it. The improvement of China's comprehensive national strength today was the foundation laid during mao period. Without a good foundation, a building cannot be built high. The omission of mao's contribution in the video shows that she doesn't understand industrialisation, much less China.
It is important to understand that in looking back our biases are added to the story. We see it from a perspective, ours, and facts can be chosen to prove that, generally. Also, like raising a child the big things are needed, to shape them, that will hold them on times of crises. Acting in their best interest, maintaining the societal discipline and curb excesses, encouraging sharing with other siblings ie: citizens, telling the truth and acting the truth by media even though it is bitter, teaching how to postpone gratification to citizens and be willing to suffer a bit for the common good, save for the future and like to live within their means, etc etc , all these are needed to hold a society for the long term. The West has lost some of these values as a whole They need to get them back in their societies for the good of the world as beyond ones country there is a world harmony. Selfishness has to end. In governing one may get it wrong but it is the ability to see it and correct it is the mark of a great leader, whole sticking to the vision.
The bright side is this: Xi sincerely wants to improve China, and as long as prosperity remains he will not need to worry about political revolt (also known as elections in America). Therefore China has the will, the vision, and the opportunity to succeed with continued growth. Compare this with America where politicians seek only to win reelection as opposed to putting into place long-term strategies for domestic improvement. Wars (cold and/or hot) generate popular support, at least initially, and this is why US politicians love war and keep the USA at war.
she says communism with such a fearless air, there is no communist state, because communism doesn't allow any fragmentation of power like a 'state', correct term would be "socialist china", which it still is
Yes, the pyramid structure of rights and wealth in human society has not changed because there are not enough resources to produce, but now the life of human beings in commercial society is much better than that in agricultural society, politics is good or bad according to the results, the United States and Europe have achieved success in the past 300 years because of their historically formed systems, so they measure all countries and civilizations by their own experience. But successful methods are not unique
This a decent summary of recent Chinese history but despite that, Yuen Yuen Ang does shows her biases when talking about Xi and his supposed 'authoritarianism', which is rather ironic for somebody from Singapore, renowned for it authoritarianism. This is a pity because she tends towards the attitudes of the Western 'China expert.' (BTW, if she really thinks the private tutoring industry has been wiped out in China, she needs to spend a bit of time here. That is the danger of depending on the media, not experiences.)
Yeah, this woman acts like China is the only country that the future is a work in progress. This already exposes her subjectivity.. Not to mention, every leader starting with Mao are rebuilding China step by step with its current political, economic and social etc…environment at the same. The nationalist party who were in control of China prior to CPC were weak and corrupt took all the nation’s gold and treasures to Taiwan after being defeated by the CPC. CPC took over China were left with nothing, a country improvised with years of western imperialism looting, corruption, internal division and were sanctioned by the West. Its priorities were to rebuild China from scratch, little by little. There were policy mistakes along the way , they learn from it, correct it, seek different routes etc…..From Mao to Xi ……all of them are working on what was on hand …..this is how every government or companies works in this world. Does this women ever have a real job working in Main Street?
So USA regressed to 1860s nonsense!!!!! Damn now we back to that from 1980s to 2020s!!! History is repeating itself now with Americans revolting again 1900 style
Very "surface" understanding of China -- I do not think Ang understands the "REAL" China. Her analysis suits the Westerners, not the Chinese living in this land.
China was never and isn't communist If Marx was analysing China he would call it a neo-monarchy. With Jinping replacing the Monarch, the pilitburo the court and the party cadres replacing the oligarchic aristocracy. The means of production are not publicly owned, they are controlled and essentially owned by a tiny minority who cream off the wealth of Chinese society and labour whilst normal Chinese will never be able to go on a foreign holiday or in rural areas have an indoor toilet. The most expensive shop in Dublin has special Chinese speaking staff for the wives of the elite to spend money stolen from the manufacturing workers who create ALL China's wealth.
😂You are the definition of being brainwashed lol. "China can't afford vacation" dude wake up and check how many chinese goes to other countries on vacation. Little man read some books or use Google. It's all avaible
I'm not so sure that Marx would clash with Leninism, which China followed originally quite strictly, even to the point to denounce the USSR as "revisionists" (although the real issue was a clash of powers, which is something that trascends the socio-economic system apparently). Engels on the other hand may have, unsure. Of course communism can't really exist in a highly centralized, let alone authoritarian, state system. In this sense the Kurdish revolutionaries seem to have reached a much more advanced stage with their Democratic Confederalism, but that has also brought them to abandon Leninism, at least in theory.
Mao Zedong was a mad genius. More mad than genius. He was very good at reducing China's population. Cultural Revolution, Great Leap Forward, Korean War, millions of Chinese died thanks to Mao's madness. Mao was not afraid of USA's nuclear weapons because in his own words, China has a large population.
@ctwpoco-oy6wu amazingly enough America helped the Indonesians kill a higher percentage of people than Mao ever did. 1/3 of the population of East Timor gone. This after they continually prodded Indonesia and even helped kill up to a million people.
The jury is out. We don't love AI, but it is here and we need to find ways to use it to augment creativity, rather than replace it. You will notice many experiments lately in that vein. We layer many techniques, including AI intentionally. In this case, both for stylistic reasons and because it is relevant to the subject matter. There are always hidden nuances in the art we create for a project, and incidentally AI can be very fun and helpful with that.
@@NewEconomicThinking Using AI to generate dodgy looking thumbnails instead of hiring a graphic artist seems an awful lot like replacing creativity. There are people in many industries who use deceptive language to inflate the value added by generative AI tools, or to claim that a race to the bottom in replacing skilled workers with AI generated content is inevitable ("AI is here!"). I appreciate your work and the basis of your whole organisation, but this seems to run in complete contradiction to it. You're parroting the orthodox line, not challenging it.
@@NewEconomicThinking True, and I'm aware of their work from your channel's pre-AI thumbnails. If you wanted to increase the variety and creativity of your thumbnails, you could've brought in new graphic artists who have the skills and training to deliver that. I see the temptation to use AI to "up-skill" an existing employee, it's going on in my workplace too. I still can't accept it's suitable replacement for hiring skilled workers (in the NET's case: graphic artists who can make these thumbnails without using AI).
absolutely do no agree about what is said so pompously and misleadingly about Mao without whose leadership throughout the liberation wars/civil wars and founding of the party china would have been nowhere near where it is. But that is not it also. Mao's 3 decade of economic and politics is not simply explained by cultural revolution and how far he was even in control of excesses is questionable. Cultural revolution has had great reset of Chinese mind...........welll not gonna say more. Deng isn't a savior. Quoting Vogel is hilarious. He never went to China, does not read Chinese, relies on second hand material and is an opinionated writer. A terrible writer must say, boring, excessively wordy, write too much of nothing.
Marvelous episode 1.
As a Marxist oriented person, a big question is What is "Socialism with Chinese Characteristics".
Clearly China went from the "Central Planned Economy" which was typical of the Bolsheviks / Leninist era of the Soviet Russia Revolution, with very little Private property, to a "Socialist Market Economy" (Deng Xiaoping era / Lenin with Nikolai Bukharin tried the "NEP"). But what that means? How were the resources of the Peoples of China allocated? The Party did allocate it. Allow some levels of Private Property of firms.
Deng Xiaoping did established that everything could be criticized with these exceptions: the rule of the Communist Party. The "Four Cardinal Principles":
* upholding the socialist path
* upholding the people's democratic dictatorship
* upholding the leadership of the Chinese Communist Party (CCP)
* upholding Mao Zedong Thought and Marxism-Leninism
Enshrined in China's Constitution.
At the end it seems to me that in China the State controls the Corporations (priv/pub). In the Western "liberal democracies", the Corporations control the State (eg. Military Industrial Complex USA).
While Lenin was alive there was still large sectors of private economic activity in the Soviet Union. If you can't even get this right, it bodes ill for the rest of your mess.
In chinese 5000 history record, private economic entity always controlled by goverment who would not let these entities interfere policts. the social status order in acient time : scholar（士）1st, farmer（农）2nd, artisan（工）3rd, and merchant（商）last but lowest
And what Marxist believes in racist ultranationalism, crony capitalism (comparisons of the NEP are nonsense), massive inequality, colonialism, ethnic genocide in Tibet, Xinjiang, Hong Kong and Inner Mongolia? Obviously none.
Currently Carl Schmitt is what CCP officials read these days. "Socialism with Chinese characteristics" means National Socialism, and if China were not so riddled with corruption that's what they would have, instead of the gangster regime it is today where the constitution and China's law are meaningless in the face of power of whatever CCP clique runs the show.
Neither the Chinese, nor the CCP, have any interest in Marxism, or any version of Communism, nor the liberty it promises. The CCP is a fraud to cover the corrupt and incompetent imperial lineage we've seen dynasty after dynasty in China. The only thing Marxist in China is the aesthetics of the CCP's lies as it bluffs its way forward, desperate to keep power at any cost.
China is a democracy, it’s called “whole-process people's democracy”. The US is liberal democracy. Democracy is not only in one form and nobody has the right to force others to practice their version of democracy.
Capitalism and the free market are two different things. In China, political power is in the hands of the state but the economy is decentralized. Meanwhile in the US, political power is in the hands of lobbyist groups. China is more into a market economy rather than capitalism. Free market can only exist if the government is sovereign so they can treat all companies equally and not be controlled by a number of oligarchs.
Democracy definition "a government in which the supreme power is vested in the people and exercised by them directly or indirectly through a system of representation".
China does not fit this description. China is not democracy. Xi Jinpinf literally said that one of China's new core tenants is "Xi Jinping thought". Maybe China's system will work better than the U.S. but it certainly isn't democracy.
How it’s been called is not as important as Chinese people supporting its system.
@@watchman835 支不支持谈不上，但是我通过我这有限的30年寿命里，认可了这个制度，特别是当我认为这个制度非常平庸的时候，我看到那些所谓的民主国家，他们的国家正在快速的分裂、衰弱，我感觉“平庸”也变得优秀了。
@@watchman835 the Chinese people support their democracy
Chinese people can only vote at the local level, and all the candidates are pre-selected......
The main reason why Liberal democratic values are failing is that they were designed by a ruling class primarily for the purpose of protecting their privately owned wealth and influence over their respective working class populations. Liberal values place such an emphasis on privately owned wealth and individual freedoms that corruption and socio-economic inequality are an almost inevitable result that is all too difficult for multi party democracies to control. China's relatively more authoritarian single party form of governance, namely the Communist Party of China (CPC) is by definition more disciplined and efficient than Liberal democracies at meeting the social and cultural needs of it's people; hence China's relatively rapid production and economic progress since the 1970s.
All the western countries were starting out as oligarch authoritarian until it builds up its wealth. The civil rights movement was the turning point to a more Democratic government for all, it cost MLK his life.
The ideology of the CPC is socialism and controls capitalism. A moderate private capital is only allowed to invest in industries centered around manufacturing. Other industries are not capitalist, such as the media. In this industry, private capital does not have the right to collect and edit news, which means that they cannot generate original news by sending journalists to the scene for interviews and investigations. They can only copy and forward news from Xinhua News Agency. There is also finance. Currently, state-owned capital accounts for over 70% of China's financial capital and continues to rise, while private capital is actually shrinking in this industry. There is also infrastructure construction, and almost all large construction companies are state-owned enterprises. Almost all infrastructure in China, including power plants, bridges, high-speed railways, and ports, is built by state-owned enterprises. Jack Ma's Ant Finance attempted to gain profits through finance, but was immediately stopped by CCP.
But capitalism is not impossible to develop in China. The manufacturing industry is handed over to private capital for development. These markets are highly profitable and have a huge market capacity, estimated to be around $5 trillion per year. This market is mainly composed of private capital, with a small proportion of state-owned capital. However, private capital must compete fiercely with each other to gain market share. The Chinese government only supervising enterprises to comply with laws and regulations and cracking down on ways of obtaining profits through monopolies, forcing private capitalists to gain competitive advantages and markets through technological progress, management progress, economies of scale, innovation, and other means. Because these markets are profitable, there is no need to worry about private capital not investing. For example, photovoltaic, new energy vehicles, home appliances, mobile phone manufacturing Internet companies such as tiktok, wechat, and Ali are all private capital.
China's model is actually a de ideological approach to economic development. Ccp do not believe that economic development must allow private capital to freely control all industries, nor vote . The standard for testing which industries are suitable for private capital is whether they can improve productivity. Whether the ability to create true wealth has improved. Private capital can never threaten the government. It is impossible to brainwash the public through the media or control the government through financial control.
So the development model of China's economy is actually a mixed system of capitalism dancing inside a box and socialism , and the economy is controlled and led by socialism.
What are smoking that you think China is not corrupt? Especially less corrupt than democracies with checks and balances?
@@john.8805 I know that corruption exists throughout most if not all nation states; my point is that some have more than others and some are better at dealing with it than others. Not difficult to know which is which when comparing the U.S. with China..
@@udayviruppal3730 one only has to make a casual examination of the crime, incarceration numbers, homelessness, drug addiction numbers, police violence, shrinking life expectancy, increasing poverty and involvement in regime changes and wars; to know just how and why the U.S. can and is described as a failing state. MAGA is impossible within a flawed christian Liberal democracy.
Here in the presentation of sister Pro. Ang has undermined the crucial role of Mao without whom the foundation of PR CHINA couldn't be imagined. It is that he (Mao) less mistakes. To undermine him means just to undermine the history of modern China. Deng added two magical bricks (economic reform and opening up). Zhang and Hu also did their best. Since the early 2010s Xi transformed CHINA into the world second largest economy and technologically advanced country. I would like to thank the Chinese leaders and peoples.
Excellent! I've been waiting for this. After spending 35 years in East Asia and 15 years in China, I often find it challenging to explain my experience regarding "China Business" to friends. This lecture was a clear, well-organized introduction that can help us understand China in a broader and deeper context. We need this kind of educational communication now more than ever. We must embrace thoughtful, well-considered, and careful leadership in our world wherever we find it. Let's make peace, health, and prosperity for life on Earth. Together, we thrive; divided, we fall.
Very informative in such a short time. Only thing I would disagree with is the juxtaposition between the USA as a “democracy” and China as a “one party dictatorship”. With just two parties both controlled by financial elites, and with almost identical foreign policies, the USA resembles more a two party oligopoly.
The Democrats and Republicans are merely 2 factions of the same party, ultimately under the control of Big Business.
Yes, the pyramid structure of rights and wealth in human society has not changed because there are not enough resources to produce, but now the life of human beings in commercial society is much better than that in agricultural society, politics is good or bad according to the results, the United States and Europe have achieved success in the past 300 years because of their historically formed systems, so they measure all countries and civilizations by their own experience. But successful methods are not unique
That and that Mao "engineered" his personality cult.
Concise and persuasive thesis. Looking forward to other episodes. China's recent history as an interpretation will remain fluid for some decades, perhaps centuries, with many more debates yet to come and interpreters yet unborn.
This is really good. I’m going to send this to friends of mine to help them understand China’s government better. Looking forward to future episodes.
Great! While we obviously can't cover every thread, we're trying our best to make educational material that at least gets more people learning and talking TOGETHER. We hope you enjoyed today's.
i think i learned more in this short clip than i did reading dozens of books by western observers! 😂😂enjoyed this thoroughly! well done. clarity was crystal n made so much for me
Glad you enjoyed it!
sense*. ( look forward to your upcoming coming series)
@@NewEconomicThinkingplease show up at US political rallies in all parties
The thumbnail makes Mao Zedong look like Xi Jinping with a receding hairline and makes Deng Xiaoping look like an action hero of respectable height.
That is her bias.
Democracy is not a system it’s an outcome.
Exciting series! Very important for us to understand their approach to the problems of a developing country
Chinese history has always interested me in 100 years China went from warlords and war crimes being committed against it which have yet to be answered for to being the next in line for the top spot of global superpowers. The thing about being on top is that everyone wants to knock you off, America and China must make and maintain peace and cooperation for the future of humanity. Great idea for a series!
Fantastic Episode 📚
Very good video
Thank you Professor Ang. I find this Webture series very instructive. However I'm concerned you don't mention the role of the Soviet Union in the industrialisation of China after 1949. Other Chinese scholars emphasise this in particular how SU helped PRC establish heavy industry. They go further to state that without the rudiments of heavy industry industrialising China would have been much more difficult. Also, GDP p.c. comparison does not say if this is ppp or not or what exchange rate is applicable as in the case of Malawi.
This is my best opportunity to ask these questions.
Given the relationship between East and West with the USA primarily representing the West.
What does this mean for Taiwan's big picture?
How destabilizing is the Taiwan paradigm to Global Economy and World Peace?
Also, how destabilizing is the current Russia/Ukraine/West conflict and what will be the effect on China's policies?
Information well organized, expounded with good insight, thnx!
The frailty of neo-Liberal multi party forms of governance is once again on full display in it's birthplace America. The political antagonisms and chaos in the U.S. together with similar political and social circumstances throughout most of Europe is further evidence of why the world needs to move toward more modern forms of socialism with national characteristics; more disciplined, effective forms of governance such as that having been demonstrated over recent decades by China's relatively peaceful progress and modestly increasing prosperity.
Thanks for a lucid and succinct review. 🙏🙏
Long Live the CPC 🚩💪👏
Mao did a great job united China back in one . Remember back then China is the poorest countries still fighting with Cheng running to Taiwan. The world trying to split china & other country continues pressing including sanctions. That’s externally issues.
As you said it’s an era in progress. Internally, there are still numerous issues that needs to be solved one by one from rural areas to cities .
Anyway, this set a foundation for new China as truly independent country without interference from other countries.
Lastly, no one is perfect.
When Deng Xiaoping advised to lay low and bide your time, he didn't mean forever. When the time was right, China should assume its rightful place in the world.
The time was right in 2014 when China became the world's largest economy by purchasing power parity. That's when China became enormously powerful.
Nevertheless, powerful does not necessarily mean threatening. China has fought *no wars* since 1979, not even under Xi's leadership.
China remains a peaceful nation. It continues to respect all countries and their sovereignty. Diplomacy and trade are the name of the game.
How about the borders with India? 😂
@@extalia Throughout history, many nations have had border clashes. They rarely turned into wars. This is key. Peacefulness is the absence of major wars.
In the last 45 years, the USA and NATO have fought several major wars. I don't need to list them, do I?
So well done
This is a good doc. Thanks.
Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries.
These are not good outcomes for US citizens of US Government policies: Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing affordability, homelessness, the opioid epidemic, and gun violence.
Instead of prioritizing the welfare of its people, the US meddles in other countries to spread its version of democracy. The question is whether the USA can continue to survive with its version of democracy, not whether it can have any leadership role in the global order.
In China, the people cannot change their government, but they can change the government policies. In the West, the people can change their government, but they cannot change the government policies. In the US, the wealthy dictate (lobbying, political donations, and pork-barrelling are legalized) government policies. In China, the wealthy have no special say in government policies.
Anywhere in the world, if there is a border dispute, it is usually the result of a line drawn by an Englishman; if it is an internal dispute, it is usually the US fueling it. Difference in implementation of divide and conquer strategy.
The United States was financially exhausted by spending on the Space program, the Great Society program, and the Vietnam War. In 1971, it could no longer keep its Bretton Woods commitment to exchange gold and the US dollar at a fixed rate of $35 per ounce. The last time the US had a positive trade balance was in 1975. The US has basically been bankrupt since 1975.
The US is now the world's largest debtor, reflected in its net international investment position (NIIP) of -$14.3 trillion. In comparison, China (including Hong Kong) is the world's largest creditor with a NIIP of $4.3 trillion. The last time the US had a positive NIIP was in 1988. A superpower does not borrow money from other countries to fund its military.
Who is the most powerful country in the world - the world's largest debtor or the world's largest creditor?
"but they can change the government policies"
And how do they do that in a manner which does not happen elsewhere
The 2008 Beijing Olympics highlighted the issue of air pollution in China, drawing global attention to the problem. Chinese citizens have long complained about the high levels of air pollution in their cities. In response, the government implemented policies in 2014 aimed at increasing the use of solar and wind energy and promoting the development of electric vehicles. Today, China is a leader in various aspects of green technology.
A few weeks after the blank sheet protests in Chinese cities with US embassies, the strict COVID policy to protect lives was reversed.
The United States was financially exhausted by spending on the Space program, the Great Society program, and the Vietnam War. In 1971, it could no longer keep its Bretton Woods commitment to exchange gold and the US dollar at a fixed rate of $35 per ounce. The last time the US had a positive trade balance was in 1975. The US has basically been bankrupt since 1975.
The US is now the world's largest debtor, reflected in its net international investment position (NIIP) of -$14.3 trillion. In comparison, China (including Hong Kong) is the world's largest creditor with a NIIP of $4.3 trillion. The last time the US had a positive NIIP was in 1988. A superpower does not borrow money from other countries to fund its military.
Who is the most powerful country in the world - the world's largest debtor or the world's largest creditor?
@@udayviruppal3730Such a long tirade but not a single like. 😢😢😢😢
Na ruh woo ner, ya pa sol sarperde! 😂😂😂😂
The information on the Mao period is incomplete and biased towards decentralized market socialism.
Nicely Presented
🙏🏼👍🏼👍🏼👍🏼🙏🏼
Well Researched and Presented.
🙏🏼👍🏼👍🏼👍🏼🙏🏼
After listening to the video's evaluation of mao, I knew that there was no need to continue to watch it. The improvement of China's comprehensive national strength today was the foundation laid during mao period. Without a good foundation, a building cannot be built high. The omission of mao's contribution in the video shows that she doesn't understand industrialisation, much less China.
My thought as well
It is important to understand that in looking back our biases are added to the story. We see it from a perspective, ours, and facts can be chosen to prove that, generally. Also, like raising a child the big things are needed, to shape them, that will hold them on times of crises.
Acting in their best interest, maintaining the societal discipline and curb excesses, encouraging sharing with other siblings ie: citizens, telling the truth and acting the truth by media even though it is bitter, teaching how to postpone gratification to citizens and be willing to suffer a bit for the common good, save for the future and like to live within their means, etc etc , all these are needed to hold a society for the long term.
The West has lost some of these values as a whole
They need to get them back in their societies for the good of the world as beyond ones country there is a world harmony. Selfishness has to end. In governing one may get it wrong but it is the ability to see it and correct it is the mark of a great leader, whole sticking to the vision.
Nice video mam
"Obviously the united states is a democracy"
Ahhhh nope we disagree
Very interesting!
Why does the left figure on the thumbnail look more like Hu Yaobang than Mao?
I think one could make the argument that the United States is "essentially" ruled by one party.
Rule by the rich
The bright side is this: Xi sincerely wants to improve China, and as long as prosperity remains he will not need to worry about political revolt (also known as elections in America). Therefore China has the will, the vision, and the opportunity to succeed with continued growth. Compare this with America where politicians seek only to win reelection as opposed to putting into place long-term strategies for domestic improvement. Wars (cold and/or hot) generate popular support, at least initially, and this is why US politicians love war and keep the USA at war.
Good work
Deng follow the Lenin (NEP) policy.
she says communism with such a fearless air, there is no communist state, because communism doesn't allow any fragmentation of power like a 'state', correct term would be "socialist china", which it still is
Yes, the pyramid structure of rights and wealth in human society has not changed because there are not enough resources to produce, but now the life of human beings in commercial society is much better than that in agricultural society, politics is good or bad according to the results, the United States and Europe have achieved success in the past 300 years because of their historically formed systems, so they measure all countries and civilizations by their own experience. But successful methods are not unique
Waow China Keren 🌷 ❤🇨🇳
This a decent summary of recent Chinese history but despite that, Yuen Yuen Ang does shows her biases when talking about Xi and his supposed 'authoritarianism', which is rather ironic for somebody from Singapore, renowned for it authoritarianism. This is a pity because she tends towards the attitudes of the Western 'China expert.' (BTW, if she really thinks the private tutoring industry has been wiped out in China, she needs to spend a bit of time here. That is the danger of depending on the media, not experiences.)
Agree with you, her mind is infested with Western hypocrisy.
Mao's foundation made possible...the impossible.
China has become more Social Democracy every year albeit with one Party dominating politics.
Good narratives about China's leadership, the past and the present. The future is unknown??????
Yeah, this woman acts like China is the only country that the future is a work in progress. This already exposes her subjectivity.. Not to mention, every leader starting with Mao are rebuilding China step by step with its current political, economic and social etc…environment at the same. The nationalist party who were in control of China prior to CPC were weak and corrupt took all the nation’s gold and treasures to Taiwan after being defeated by the CPC. CPC took over China were left with nothing, a country improvised with years of western imperialism looting, corruption, internal division and were sanctioned by the West. Its priorities were to rebuild China from scratch, little by little. There were policy mistakes along the way , they learn from it, correct it, seek different routes etc…..From Mao to Xi ……all of them are working on what was on hand …..this is how every government or companies works in this world. Does this women ever have a real job working in Main Street?
China's Peter Zeihan 😂
Lol
LOL. A bit more sophisticated but not much better.
The biggest financial bubble in 5000 years human history 0:51
How come don't dare to write the downfall of America society and democratic government hegemony and aggression toward others nation 😊
The murican powerful get offended easily
Great anicent china 🇨🇳 ever great in the world 🌎 ❤
Pollich Square
So USA regressed to 1860s nonsense!!!!! Damn now we back to that from 1980s to 2020s!!! History is repeating itself now with Americans revolting again 1900 style
@qjtvaddict it's amazing how many Americans can lie to themselves. I have a decent amount of money in the market and I feel I'm being fleeced.
🙄
♥️♥️♥️👍👍👍
Obama / Trump two cheeks of the same backside, a better example could be found.
Very "surface" understanding of China -- I do not think Ang understands the "REAL" China. Her analysis suits the Westerners, not the Chinese living in this land.
China was never and isn't communist
If Marx was analysing China he would call it a neo-monarchy.
With Jinping replacing the Monarch, the pilitburo the court and the party cadres replacing the oligarchic aristocracy.
The means of production are not publicly owned, they are controlled and essentially owned by a tiny minority who cream off the wealth of Chinese society and labour whilst normal Chinese will never be able to go on a foreign holiday or in rural areas have an indoor toilet.
The most expensive shop in Dublin has special Chinese speaking staff for the wives of the elite to spend money stolen from the manufacturing workers who create ALL China's wealth.
😂You are the definition of being brainwashed lol. "China can't afford vacation" dude wake up and check how many chinese goes to other countries on vacation. Little man read some books or use Google. It's all avaible
I'm not so sure that Marx would clash with Leninism, which China followed originally quite strictly, even to the point to denounce the USSR as "revisionists" (although the real issue was a clash of powers, which is something that trascends the socio-economic system apparently). Engels on the other hand may have, unsure.
Of course communism can't really exist in a highly centralized, let alone authoritarian, state system. In this sense the Kurdish revolutionaries seem to have reached a much more advanced stage with their Democratic Confederalism, but that has also brought them to abandon Leninism, at least in theory.
President Xi is more like a CEO, and he looked and lead China as a Company.
Nice bit of 'neo-ignorance.'
@RohankrishnaB You are being too generous LOL
Mao Zedong was a mad genius. More mad than genius. He was very good at reducing China's population. Cultural Revolution, Great Leap Forward, Korean War, millions of Chinese died thanks to Mao's madness. Mao was not afraid of USA's nuclear weapons because in his own words, China has a large population.
Isn't it funny how China's population went up while you say he was reducing it? If you can't even get this fact straight...
Yawn
@ctwpoco-oy6wu amazingly enough America helped the Indonesians kill a higher percentage of people than Mao ever did. 1/3 of the population of East Timor gone. This after they continually prodded Indonesia and even helped kill up to a million people.
stupid as American, these people believe everything their media say without question.
Without him china would be still in civil war
What is the New Economic Thinking channel's position on the use of AI illustrations?
The jury is out. We don't love AI, but it is here and we need to find ways to use it to augment creativity, rather than replace it. You will notice many experiments lately in that vein. We layer many techniques, including AI intentionally. In this case, both for stylistic reasons and because it is relevant to the subject matter. There are always hidden nuances in the art we create for a project, and incidentally AI can be very fun and helpful with that.
@@NewEconomicThinking Using AI to generate dodgy looking thumbnails instead of hiring a graphic artist seems an awful lot like replacing creativity. There are people in many industries who use deceptive language to inflate the value added by generative AI tools, or to claim that a race to the bottom in replacing skilled workers with AI generated content is inevitable ("AI is here!"). I appreciate your work and the basis of your whole organisation, but this seems to run in complete contradiction to it. You're parroting the orthodox line, not challenging it.
We do employ a graphic artist. This did not replace them.
@@NewEconomicThinking True, and I'm aware of their work from your channel's pre-AI thumbnails. If you wanted to increase the variety and creativity of your thumbnails, you could've brought in new graphic artists who have the skills and training to deliver that. I see the temptation to use AI to "up-skill" an existing employee, it's going on in my workplace too. I still can't accept it's suitable replacement for hiring skilled workers (in the NET's case: graphic artists who can make these thumbnails without using AI).
FYI you're speaking to them. Only a portion of this was created using AI, and again it was intentional.
UA-cam again recommended me a CCP propaganda
How ignorant can you get. You even got the party's name wrong.
@warsamaosman0894 so it sounds like you heard something that shatters your world view and it makes you upset. Care to talk about your feelings?
你以为这是宣传片吗？ 这是抹黑，你完全看不懂
Because you mind is still in the 80
absolutely do no agree about what is said so pompously and misleadingly about Mao without whose leadership throughout the liberation wars/civil wars and founding of the party china would have been nowhere near where it is. But that is not it also. Mao's 3 decade of economic and politics is not simply explained by cultural revolution and how far he was even in control of excesses is questionable. Cultural revolution has had great reset of Chinese mind...........welll not gonna say more. Deng isn't a savior. Quoting Vogel is hilarious. He never went to China, does not read Chinese, relies on second hand material and is an opinionated writer. A terrible writer must say, boring, excessively wordy, write too much of nothing.
The Leftest man doesn’t look like Chair Mao, You guys need hard work for AI Sketch
Sure it does. Certainly it depends on which period you're looking at, but it's an illustration!
It is Mao when he was young, you are just used to old mao
It is Mao when he was young, you are just used to old Mao
naive and superficial,
Shame on you, for plagiarizing King Charles portrait.
Maybe King Charles was selling licenses.