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Other titles in the International Library of Sociology series:
China Constructing Capitalism: Economic Life and Urban Change (International Library of Sociology)by Scott Lash
Synopses & Reviews
Dominant theorists of globalization take on the assumptions of a 'Washington Consensus' which presumes the centrality of neo-liberal American individualism. For them America's globalization is at stake. Scott Lash and his colleagues argue that there is a new global driving force: a new logic that is Global China. Here Washington neo-liberal individualism is displaced by the collective relationality of a 'Beijing Consensus'. This relationality harks back to Taoism and Confucianism yet is a motor of Chinese global hypermodernity. This book analyzes China as a 'risk culture', embracing the boundless opportunity and adventure of Beijing's Olympic architecture, Shenzhen investment bank young traders, Shanghai property developers and art markets. It examines the risk-sharing of intergenerational family mortgages, wage-pooling microfinance and regimes of collective saving. It scrutinizes the ever-present shadow of the risk-averse (yet uncertainty-creating) state. Global China is a must read for social scientists, policy makers and investors.
The motor of globalization is not the United States, but China. 'Washington Consensus' neo-liberal individualism becomes 'Beijing Consensus' collectivist relationality. This sociology of risk spans the adventurism of Shanghai architecture, young traders and property developers; the risk-sharing of intergenerational mortgages and wage-pooling microfinance; the shadow of the ever-present Communist state.
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