Word: capitalists
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...seismic changes Deng set in motion were daring, thrusting one-fifth of mankind in a Great Leap Outward from the crushing, dogmatic isolation of Maoism into a quasi-capitalist economic miracle. The China that comes after Deng will grow inexorably from the complex of roots he planted firmly in the nation's soil. Yet his work is unfinished, and the next China will have to come to terms with the fundamental contradiction in his hybrid creation. Even as the country embarked on a headlong pursuit of free-market economics, Deng insisted it be done under the iron fist...
China, Deng told President Jimmy Carter in 1979, would need a long period of peace to realize its full modernization. To accomplish that, he added, China would also need Western money and know-how. Flinging open the doors, he led China on a capitalist drive from which there is no turning back...
...Shanghai is caught up in entrepreneurial energy. In the mid-'80s, while southern provinces like Guangdong and Hainan turned Deng's experiment in "special zones" into a capitalist boom, Shanghai's decrepit state industries stagnated, its infrastructure disintegrated, and its people sulked. The economic revolution wasn't reaching far beyond a few chosen cities. Recalls Li Bo, a Shanghai economist who runs a consulting firm for German companies: "The most popular expression in 1991 was 'Gao bu hao le'--everything's hopeless...
Everything changed in 1992. Deng emerged from retirement to exhort his successors and lagging Chinese cities to "dive into the sea" of capitalist commerce. Shanghai dived in, reviving all its old spunk and luster. The metropolis is furiously rebuilding, attracting foreign investment, remaking itself into an Asian hub of finance, trade and culture. Officials say they will quadruple the city's industrial and agricultural output by the year...
...August 1967, with China in tumult, he and Liu were put on public trial. Liu's leg was broken in the spectacle, and he later died of pneumonia in a makeshift prison in the city of Kaifeng. At the trial Red Guards decried Deng as a "capitalist roader," a "fascist" and a "traitor" and shouted, "Cook the dog's head in boiling oil!" Confronted by such rantings for hours on end, Deng simply removed his hearing aid. What saved him from Liu's fate, evidently, was a simple thing as well. While Mao had always despised the patrician...