Instead Of Capitalism Vs. Socialism: A Proportion-Seeking Review Of Two Contemporary Approaches In China And Russia
Some people hold that the 20th century's Cold War was effectively between two supersystems, named 'capitalism' and 'socialism' and that the fall of the Berlin Wall and the end of the Soviet Union signified a practical and theoretical victory of one over the other. Others insist that democracy was present in various ways in both systems and suggest that the world financial crisis of 2007-2008 and current turbulent situation are making us rethink how 'victorious' one system actually was over the other and whether or not a better balance can be found between two extremes. This paper seeks a middle way by exploring the possibility of finding harmony between 'Eastern' and 'Western' ideas of democracy in the areas of politics, ideology and economics. It reviews recent works by two scholars, one from China, the other from Russia, and compares their observations as well as possible solutions they suggest at both the national and international levels. It focuses on the 'institutional matrix' as a potential unit of synthesis, aiming to achieve a proper proportion or golden ratio that can foster complimentary relations in the global village, taking us beyond a conflicting view of oppositional super-systems.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jànos Kornai, 2000.
"What the Change of System from Socialism to Capitalism Does and Does Not Mean,"
Journal of Economic Perspectives,
American Economic Association, vol. 14(1), pages 27-42, Winter.
- Kornai, Janos, 2000. "What the Change of System from Socialism to Capitalism Does and Does Not Mean," Scholarly Articles 3634160, Harvard University Department of Economics.
- Kirdina, Svetlana, 2010. "Prospects of liberalization for S&T policies in Russia: institutional analysis," MPRA Paper 23270, University Library of Munich, Germany.
- Kirdina, Svetlana, 2012. "A shift in the prevailing institutional models of the global order:is a new cycle starting?," MPRA Paper 42999, University Library of Munich, Germany.
- Kirdina, Svetlana & Sandstrom, Gregory, 2010. "Institutional matrices theory as a framework for both western and non-western people to understand the global village”," MPRA Paper 18642, University Library of Munich, Germany, revised 20 Jul 2010. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:mje:mjejnl:v:8:y:2012:i:4:p:43-60. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Nikola Draskovic Jelcic)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.