by Pepe Escobar for the Saker blog
The 19th Party Congress has made it very clear that “socialism with Chinese characteristics” – as codified by President Xi Jinping – is China’s road map ahead. Not only the strategy graphically eschews those much-lauded “Western values”; it will, in Xi’s own words, offer “a new option for other countries and nations who want to speed up their development while preserving their independence.”
Xinhua even dared to venture, “the 21st century is likely to see capitalism lose its appeal while the socialist movement, led by China, rapidly catches up”.
To say this won’t go down very well in the West, especially in the US, may be the understatement of the century – even considering that the Chinese system is more like “neoliberalism with Chinese characteristics.”
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