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A Chinese Social Structure of Accumulation for Capitalist Long-Wave Upswing?

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  • Phillip Anthony O’Hara

    (Global Political Economy Research Unit, Department of Economics, Curtin University, GPO Box U1987, Perth, WA 6845, Australia, philohara@runbox.com)

Abstract

The objective of this article is to examine whether China has a viable macro social structure of accumulation (SSA) for capitalist long-wave upswing into the early decades of the twenty-first century. The article commences with the SSA index of performance and potentiality (IPP) through which phases of capitalist development can be scrutinized. The rest of the article details the components of the IPP, first the more technical institutional factors and then broader indicators of development. The article concludes that China is currently an emerging capitalist economy and that it is likely to continue through long-wave upswing through core industrialization during the next fifteen years. There are critical limits to capitalist development in China—including problems associated with capital productivity, innovation, pollution, and rural-urban dynamics—and these are likely to restrict long-term performance by about 2020.

Suggested Citation

  • Phillip Anthony O’Hara, 2006. "A Chinese Social Structure of Accumulation for Capitalist Long-Wave Upswing?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 38(3), pages 397-404, September.
    • Handle: RePEc:sae:reorpe:v:38:y:2006:i:3:p:397-404
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    Cited by:

    1. Brennan, Andrew John & Kalsi, Jaslin Kaur, 2015. "Elephant poaching & ivory trafficking problems in Sub-Saharan Africa: An application of O'Hara's principles of political economy," Ecological Economics, Elsevier, vol. 120(C), pages 312-337.

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