China: Free Market Success Story? Think Again
[h]opefully... will help knock on the head the implausible but still popular notion that China represents some sort of free market success story. Instead, it seems to be squarely in the tradition of heavily interventionist, politically dubious East Asian ‘developmental states’ that thrived on the basis of all the ‘wrong’ policies.
China has, in fact, built its new economy on thoroughly state capitalist policies. The one thing Rodrik mentions that most nearly conforms to free market principle--its "relaxed attitude to intellectual property rights"--is also the one thing sure to provoke squeals of outrage from the neoliberals.
On the other hand, the things China does to attract Western investment and make it Sweatshop Valhalla--its authoritarian labor policies and its theft of village lands for industrial use--are decidedly not "free market," whatever the latest gushings from ASI, Mises or LewRockwell.