By Yin-wah Chu (eds.)
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Additional info for Chinese Capitalisms: Historical Emergence and Political Implications
As long as the personal or organizational interest has been set in motion, the market mechanism will run its course and attain the goals defined by the economic function. 36 The “Spirit” of Capitalism in China This being the case, does the statement “specialists without spirit, sensualists without heart” predict the future outlook of Chinese capitalism? Starting with Weber’s questions and after a series of investigations, the preliminary answer must be that China has not manifested an ethos at the economic ethic level that is commensurate with its transition to capitalism.
12 The lack of a rational system in accounting and book-keeping. 13 The lack of a method to direct daily lives that is unique to salvation religions (such as inner-worldly asceticism). 11 These are the major elements pointed out unequivocally by Weber. As it would be impractical to examine each of them in detail, the following portrays the current situation in China, focusing initially on the elements that pertain to the institutional level. This is followed by an analysis of the “spirit” level, which is the main theme of this essay.
Yet if a nation were to maintain a lasting place in history, it has to possess this historical breath of mind. (Weber 1997, p. 20 Notes 1. ’ This might better echo the reality of the institutional reform in the Chinese economy” (Wang 2007, p. 8). The Property Law still emphasizes that at the primary stage of socialism, the country insists on a fundamental economic system that seeks development through relying principally on collective ownership, accompanied by various alternative ownership systems.
Chinese Capitalisms: Historical Emergence and Political Implications by Yin-wah Chu (eds.)