This paper focuses on China's industrial sector, utilizing both qualitative and quantitative evidence. We show the role of the state in China, far from withering out, is massive, dominant, and crucial to China's industrial development. State-owned and state-holding enterprises are now less...

"Over a hundred years after the first socialist revolution broke the global monopoly of capitalism, a new class of socialist-oriented socioeconomic development is coming to the fore. Capitalism is still dominant worldwide, although its hegemony is no longer undisputed, and humankind is now faced...

Foreword by Francesco Schettino Part I:Capitalism and Socialism as Modes of Production 1. Introduction to Part I2. The hard scientific underpinnings of XXIth century political economy3. Modes of production and socioeconomic formations 4. Labor and value 5. Real competition, pending issues and...