China's socialism in the light of the crisis

The economic crisis has changed the West's view of China and its economic system, writes the liberal daily La Vanguardia: "While in the past decades the greatest phase of economic progress in the history of China has ensured that socialism (China still sees itself as socialist) is no longer synonymous with poverty, the economic crisis has put market fundamentalist capitalism to the test. In addition to its ideological aspect the 'made in Wallstreet' crisis also had a political aspect (the inability of the system to predict and prevent it) and a moral one (the boundless greed for profits without any regard for negative consequences). Since the countries of the West have given the state a greater role in the economy as a result of the crisis, China sees its model of a 'mixed economy' as having been corroborated."

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