Community Capitalism in China

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Product Description

Hou proposes to end the dichotomous view of the state and the market, and capitalism and communism, by examining the local institutional innovation in three villages in China and presents community capitalism as an alternative to the neoliberal model of development. Community is both the unit of redistribution and the entity that mobilizes resources to compete in the market; collectivism creates the boundary that sets the community apart from the outside and justifies and sustains the model. Community capitalism differs from Mao-era collectivism, when individual interests were buried in the name of collective interests and market competition was not a concern. This book demonstrates the embeddedness of the market in community, showing how social relations, group solidarity, power, honor, and other values play an important role in these villages' social and economic organization.

Community Capitalism in China Review

Anyone wishing to understand the complexity of one of the greatest transformations of the modern era should read this book. Written in an engaging style and based on personal research in three separate industrial villages, the author reveals very different models of how Chinese industrialization has taken place. It provides perceptive insight into the World's second largest economy and the options facing the current political leadership and the Chinese people.

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