Home » Business & Finance » Kellee S. Tsai » Capitalism without Democracy

March 20 , 2008

Capitalism without Democracy

The Private Sector in Contemporary China


Over the past three decades, China has undergone a historic transformation. Once illegal, its private business sector now comprises 30 million businesses employing more than 200 million people and accounting for half of China's Gross Domestic Product. Yet despite the optimistic predictions of political observers and global business leaders, the triumph of capitalism has not led to substantial democratic reforms.

Download fb2

Read also

Eindimensionale Finite Elemente

Die Finite-Elemente-Methode wird in dieser Einführung in ihrer Komplexität auf eindimensionale Elemente heruntergebrochen. Somit bleibt die mathematische Beschreibung weitgehend einfach und überschaubar.Das Augenmerk liegt in jedem Kapitel auf der Erläuterung der Methode und deren Verständnis. Der Leser lernt, die Annahmen und Ableitungen bei…

In Capitalism without Democracy, Kellee S. Tsai focuses on the activities and aspirations of the private entrepreneurs who are driving China's economic growth. The famous images from 1989 of China's new capitalists supporting the students in Tiananmen Square are, Tsai finds, outdated and misleading. Chinese entrepreneurs are not agitating for democracy. Most are working eighteen-hour days to stay in business, while others are saving for their one child's education or planning to leave the country. Many are Communist Party members. "Remarkably," Tsai writes, "most entrepreneurs feel that the system generally works for them."

Tsai regards the quotidian activities of Chinese entrepreneurs as subtler and possibly more effective than voting, lobbying, and protesting in the streets. Indeed, major reforms in China's formal institutions have enhanced the private sector's legitimacy and security in the absence of mobilization by business owners. In discreet collaboration with local officials, entrepreneurs have created a range of adaptive informal institutions, which in turn, have fundamentally altered China's political and regulatory landscape. Based on years of research, hundreds of field interviews, and a sweeping nationwide survey of private entrepreneurs funded by the National Science Foundation, Capitalism without Democracy explodes the conventional wisdom about the relationship between economic liberalism and political freedom.

Show more...

How to download book

Buy this book

You can buy this book now only for $16.39. This is the lowest price for this book.

Buy book

Download book free

If you want to download this book for free, please register, approve your account and get one book for free.


After that you may download book «Capitalism without Democracy»:

Download Torrent:


Download PDF:


Download DOCX:


Download Sony BookReader: