From “Red Capitalists” to Intellectual Elites
Based on information concerning the top one hundred wealthy Chinese identified by Forbes as well as a close look at some other private businessmen, chapter 2 maps the historical evolution of the power-capital entrepreneurs, who emerged in 1985 and established their dominance by 2002. The chapter defines the components of the power-capital entrepreneurs and examines the historical causes of their primitive capital accumulation during the 1980s and 1990s. Finally, this chapter discusses the power-capital entrepreneurs’ political transformation and image improvement during a critical stage of Chinese modernization.
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