this post was submitted on 30 Jun 2025
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Thanks! Seems like a good motivator for me to learn Chinese
. Are more Marxist voices less prominent in these debates?
There are no Marxist voices in the mainstream today. All the distinguished Marxist economists have long been banished to the humanities and social science departments long ago. They do write books, sometimes articles/blogs on the internet, and newspaper columns, but they have very little influence on policymaking. The mainstream is full on dominated by Western economists these days.
If you actually listen to the debate, both sides are openly making fun of the Mao era central planners for being inefficient lol.
Also FYI the correct term for Marxist economics in China is “political economy” (政治经济学). Nobody uses the word Marxist economics. Similarly, neoclassical economics is called “Western economics” (西方经济学). If you don’t know the correct terminology in Chinese, it can be very difficult to search for the relevant information you want.
Serious question, asking in good faith here as a non-mandarin speaking westerner:
If mainstream, policy-guiding economics is so overwhelmingly western (neoclassical), why is China on such a wildly different economic trajectory compared to the contradictory hellscape of the west? Is it the applications of these horribly unmarxist economics? Is it the remnants of mao-era policies? I’m very ignorant on this, but i’d love to learn more
I can't adequately answer the positive side of this question, but on the negative side it's worth noting that a lot of western economic policy, especially in the US, is notoriously bad and out of step with Keynesianism and its relatives, with the whole thing being steered by financiers who don't actually care about the generally economy running well.
On the positive side, I am way less qualified than our Mandarin-speaking friend, but I think a lot of what China gets right is either similar to what you also see the more rational capitalist states get right, or it is politically capable of doing things those other states can't because of the necessity of the state maintaining a degree of control over private power for national sovereignty reasons. I don't think it has much to do with Mao other than China being sovereign in the first place. It's really more of a nationalist thing than anything.