Monday, April 28, 2008

Zizek: "Following this path, the Chinese used unencumbered authoritarian state power to control the social costs of the transition to capitalism. The weird combination of capitalism and Communist rule proved not to be a ridiculous paradox, but a blessing. China has developed so fast not in spite of authoritarian Communist rule, but because of it. There is a further paradox at work here. What if the promised second stage, the democracy that follows the authoritarian vale of tears, never arrives? This, perhaps, is what is so unsettling about China today: the suspicion that its authoritarian capitalism is not merely a reminder of our past – of the process of capitalist accumulation which, in Europe, took place from the 16th to the 18th century – but a sign of our future? What if the combination of the Asian knout and the European stock market proves economically more efficient than liberal capitalism? What if democracy, as we understand it, is no longer the condition and motor of economic development, but an obstacle to it?" (thanks Junaid)