China: six years after Tiananmen

Six years ago, immediately after the democratic movement was repressed in China, almost all Chinese liberal intellectuals and Western observers predicted that, without "political reform," "economic reform" would fail in China. Despite their warnings, tens of billions of dollars have continued to pour into China. Now it is obvious that the capitalists themselves had a better estimate of Chinese reality than their theoreticians. In fact, judging from subsequent events, it could be said that the army's success in breaking up the Tiananmen demonstration and attacking its working-class supporters helped pave the way for further capitalist development.