FEATURED · BUSINESS How the New Left won the battle of ideas for 21st-century China
July 10, 2026 1 min read
BUSINESS

How the New Left won the battle of ideas for 21st-century China

Source: SCMP — China Business

PUBLISHED
July 10, 2026
CATEGORY
SC
SCMP — China Business
eChina Team
1

Their revisionism challenges the neoliberal perspective which treats Maoist command economics and Deng-era capitalist reforms as diametrically opposed We are all used to Western assessments of Deng Xiaoping. You may even be convinced by them, as I was for a long time. Ezra Vogel, for example, wrote in Deng Xiaoping and the Transformation of China: “It was [Deng] who would finally realise the mission that others had tried for almost two centuries to achieve, of finding a path that would make China rich and powerful.” And, according to Orville Schell and John Delury in Wealth and Power: China’s Long March to the Twenty-first Century, “Once in power, he did not hesitate to foment a new kind of frenzy – for making money. By the mid-1980s, he had named his counterrevolution gaige kaifang, ‘reform and opening-up’. “Deng’s strange hybrid reform combined Vladimir Lenin’s recipe for a disciplined and well-organized state and Milton Friedman’s celebration of free market economics.”

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