Is China Capitalist?

The question — ‘Is China capitalist?’ — is surprisingly hard to answer for many reasons, not the least of which is that one could disagree on what the words ‘capitalist’ and ‘capitalism’ precisely mean. They get used in ordinary conversation, not just in academic writings, frequently enough that it misleads us into a false sense of certainty about their meaning. Much confusion ensues from differing semantic priors. Continue reading “Is China Capitalist?”