Crisis in China End of Socialism

The events of April-June in China have brought to the fore a whole set of fundamental questions about socialism more sharply than ever before. This essay discusses these events, examines the official attempts to end corruption in the wake of the turmoil keeping in view certain features of private capital in China under the economic reform programme, analyses the implications of the student's and inteflectuals' demand for democracy and speculates on the nature of the crisis not only in China but in the socialist world as a whole.