The video below is an interview of Carlos Martinez by Jason Smith, for CGTN’s The Bridge to China podcast. Recorded in the lead-up to the 105th anniversary of the founding of the Communist Party of China, the wide-ranging conversation covers the nature of China’s economic system, the achievements of Chinese socialism, the state of the left in the West, and the transition to a multipolar world.
Carlos argues that China is best understood on its own terms, as socialism with Chinese characteristics: a fundamentally socialist system with a significant market component, in which the state holds the commanding heights – banking, energy, telecommunications, rail and the top levels of industry – and directs investment through national planning. The presence of markets, billionaires or inequality does not make a country capitalist; what matters is which class holds power, and the ultimate measure is the living standards of ordinary working people.
On that measure, China stands apart: it is the country that has eliminated extreme poverty, effectively ended homelessness, and pursued common prosperity, a world-leading renewable energy build-out and the saving of lives during the Covid pandemic. If China is socialist and succeeding, Carlos contends, that vindicates the project of the global left – which is precisely why the West’s new cold war is aimed at preventing a socialist alternative from succeeding.
The interview surveys the scale of China’s transformation – some 800 million people lifted out of poverty, the “seven guarantees” that underpin poverty alleviation, life expectancy rising from around 35 at liberation to over 79 today, near-universal mortgage-free home ownership, and the most extensive public infrastructure in the world. Comparing China with India – liberated within two years of one another, from similar starting points – Carlos draws out what a revolution and Communist Party-led planning have made possible: sovereign development free of IMF discipline, coherent five-year plans, and the capacity for mass mobilisation, exemplified by the three million cadres deployed in the poverty alleviation campaign.
Turning to the West, Carlos describes the long retreat of the left under the neoliberal counter-revolution – de-industrialisation, the rise of the precariat, and a social peace bought with the super-profits of imperialism that are now drying up. He points to the crisis of confidence deepened by Gaza and to the Corbyn moment as signs that material reality is shifting, and to a growing openness to China – from “Chinamaxxing” and the RedNote migration to the surge in inbound tourism. The dogmatism that still leads much of the Western left to withhold recognition of China’s decidedly socialist achievements, he argues, plays into a US grand strategy whose core is the encirclement and containment of China.
The lesson for developed and developing countries alike, Carlos concludes, is that public ownership is not inefficient but the precondition for any serious industrial policy, that long-term planning beats short-term shareholder value, and that the West must come to terms with an inevitably multipolar world – starting, at a minimum, with adherence to the United Nations Charter.
Continue reading China’s success vindicates the project of the global left