Qiushi Journal: Capitalism Is Dying
[Editor’s Note: Recently, Chinese state media have frequently commented on the global financial crisis. An increasing number of articles are even claiming outright that the current crisis portends the end of capitalism. Their arguments range from the greediness of capitalism to how politicians sell their souls and from the loss of public trust to how U.S. hegemony has transferred the crisis to the rest of the world. The “fake democracy” in the U.S. and the “collapsing political/democratic system” in the U.S. are also hot topics. Such claims lead to an implied but unstated conclusion that China does not need to take the path of democracy that the U.S. promotes. They also support China’s new drive toward cultural system reform – increasing its “soft” power and striving to control the international discourse power. The following are excerpts from two articles that appeared in the Chinese Communist Party’s (CCP’s) prestigious theoretical publications that make such statements.]