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Capitalist Restructuring and the Pacific Rim by Ravi Palat

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2 Strong states, weak societies

State and class in the Asian rimlands

 

[Materialist dialectics] holds that external causes are the condition of change and internal causes are the basis of change, and that external causes become operative through internal causes. In a suitable temperature an egg changes into a chicken, but no temperature can change a stone into a chicken, because each has a different basis.

Mao Zedong, On Contradiction

Surveying the economic meltdown spreading across Asia's Pacific Rim, Alan Greenspan, the Chairman of the US Federal Reserve, prophesied in January 1998 the coming triumph of ‘the Western form of free market capitalism’ (quoted in Hamilton, 1999: 46). Seizing the opportunity to exploit the leverage presented by ...

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