slavoj does china

The ethico-political preference for a democratic model in which parties are – formally, at least – subordinate to state mechanisms falls into the trap of the ‘democratic fiction’. It ignores the fact that, in a ‘free’ society, domination and servitude are located in the ‘apolitical’ economic sphere of property and managerial power. The Party’s distance from state apparatuses and its ability to act without legal constraint afford a unique possibility: ‘illegal’ activity can be undertaken not only in the interest of the market but – sometimes – in the interest of the workers too. For example, when the 2008 financial crisis hit China, the instinctive reaction of the Chinese banks was to follow the cautious approach of Western banks, radically cutting back on lending to companies wishing to expand. Informally (no law legitimised this), the Party simply ordered the banks to release credit, and thus succeeded – for the time being – in sustaining the growth of the Chinese economy. To take another example, Western governments complain that their industries cannot compete with the Chinese in producing green technology, since Chinese companies get financial support from their government. But what’s wrong with that? Why doesn’t the West simply follow China and do the same?

more from Slavoj Žižek at the LRB here.