• Kereru [he/him]
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    4 years ago

    Klein talks about China a bit in The Shock Doctrine. Her analysis is that:

    • Deng started to pursue market liberalization and privatization (and got support from the US, IMF, World Bank).
    • Protests and uprisings began demanding democratic process on policies that were causing rising prices and unemployment (e.g. Tiananmen Square).
    • The CCP decided to crush the protests rather than institute democratic reforms
    • The end result being that the market was opened to foreign firms wanting labour, with a huge population who were terrified to demand any labor rights at all and a government fairly encouraging of foreign corporates/capital.

    Not sure how that compares to India, is there just an aspect of timing of when neoliberal reforms were first rammed through in each country?