this post was submitted on 30 Jun 2025
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If you can understand Mandarin Chinese, this 3 hour debate between Justin Lin Yifu (neoclassical) and Zhang Weiying (Austrian school) from 2016 - widely popularized as China’s Keynes vs Hayek Great Debate - is everything you need to know about China’s industrial policy for the past decade.
Many prominent economists also voice their views quite openly. You just have to read the economy/finance section of Chinese newspapers to keep up.
Xiao, is your line of thinking right in line with Wang Hui or are there differences between the two of you as it stands in 2025?
I don’t know who that is.
That's surprising to me. He is a scholar of Chinese political philosophy at Tsinghua who has been critical of the turn toward neoliberal tendencies. I've read some of his translated works but they are incredibly dense (but fascinating!). In 2020 the Monthly Review did an entire issue about China, and most of the articles were written by "Wang Hui-ites".
I think you would find some value in his work. If you look into it (even at a surface/wikipedia/LLM level), I'd be curious to know your thoughts.
could you link some of his stuff please? thank you
The books I've read (some of, hurts my brain after a couple chapters) are "China: From Empire to Nation State" and "The End of the Revolution" which I believe is a collection of articles.
Here is the link to the MR edition I mentioned, with the articles available to read online.
An excerpt from the "Notes from the editors" article:
thank you so much comrade!
If you're a fan of Red Sails I think MR is a nice complement (maybe you're already familiar)
Maybe from the excerpt I posted you can tell why I'm surprised comrade xhs isn't familiar with Wang's work! Hope we get to hear from them at some point
i read MR on occasion yeah, usually when i get reminded about it when someone posts it in the news mega lol
Subscribe! It's nice to get a hard copy of theory every month!
(Or don't idc, but I make a post encouraging people once a year or so)
i pay for as little stuff online as possible lol
so probably will not sorry