The Marriage between Power and Money
Applying a historical perspective, chapter 1 discusses the historical development of China’s power-capital economy and power-capital groups in the 1980s and 1990s. It addresses the unique patterns of the power-capital economy, as distinguished from a market economy or a planned economy. This chapter also provides a “triangular interpretation” in analyzing and understanding the distinctive Chinese power-capital economy, which has given rise to both the power-capital institution and the poverty of rights.
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