Some Reflections on China’s Economic Performance Prabhat Patnaik

The fact that China has had a remarkable economic performance over the last two decades or more is absolutely undeniable. She poses a potential challenge to the hegemony of the mightiest capitalist economy of our time, the U.S. This cannot but be welcomed by all progressive people, since it breaks the unipolarity of the current power structure in the world, and hence can act as a restraining force on imperialism. There is however another side to China's economic performance which is a source of some disquiet. While China has experienced rapid economic growth, enormous improvements in the material productive forces,…

People’s Budget Comments on Draft 2002 Division of Revenue Bill and Explanatory Memorandum COSATU Submission

These are the comments of the People's Budget - comprising the South African NGO Coalition (SANGOCO), the Congress of South African Trade Unions (COSATU), and the South African Council of Churches (SACC) - on the Draft 2002 Division of Revenue Bill and Explanatory Memorandum. This response should be read in the context of our submission on the 2001 Medium Term Budget Policy Statement (MTBPS), presented to the Joint Budget Committee on 8 November 2001, which deals in more detail with the functional allocation of expenditure. To read the full document click here (Source: www.cosatu.org.za)