Eric's Beijing Diary

Interesting article in the China Daily about economists who were given awards because of their work in building economic reform. Specifically, they were rewarded for helping China to move from a planned to a market economy. It's ironic that the greatest heros of today's China are those who have done the most to liberate China from Marxism and Marxist economic theory. One of the questions that is often perplexing to foreigners coming to China, is how long China will continue to pay lip service to Socialism (public ownership of the means of production), while moving in a direction which is decidedly antithetical to socialist economic philosophy.

It has taken a long time, but Karl Marx is finally being discredited in the places where his ideas have had the most impact. This is not admitted universally, but surely it is obvious to the most casual observer of history. They should have listened to Karl Marx's mother, "If Karl, instead of writing a lot about capital, had made a lot of it, it would have been much better."