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THE EVOLVING CONCEPT OF SOCIAL CAPITAL, MARKETS, MARKET-BASED PROCESSES AND SOCIALIST CONSTRUCTION
Abstract
For every social formation, remnants of past, as well as embryonic forms of potential new modes of production, potentialities for return to previous modes of production, remain alive within the present. History and its legacies cannot be wiped out over night. For China, the long-term presence and role of capitalism within the Chinese socialist social formation, in building and defending Chinese socialism, as well as facilitating China's integration into a capitalist-based global economy, is recognized even in the flag of China with one of its small four stars representing the "patriotic national bourgeoisie" of China. But this gives rise to a set of profound contradictions. The "social capital" (institutions that foster mass hope, trust in the system, social cohesion and acceptance of "acceptable" social values, definitions and modes of behavior) and viewsrequirements of "human nature" under capitalism, are fundamentally in contradiction with those under socialism. The ongoing danger is that using capitalism to build and defend socialism may wind up with socialism being used to return to, build and defend capitalism.
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