Critique of the term “neo-liberalism"

Introduction and translation by James Day of a chapter from my book in Danish about May 68. Published on-line by Mute.

The fusion between state-capitalism and private capitalism produced more market and more bureaucrazy at the same time. The 1989-1990 collaps of “socialism in one country" in Russia gave little by little more space for the Cheka agency and the Andropov legacy and reduced the power of the Communist Party of the Soviet Union. In mainland China the opening of the market of Chinese labour power gave Western capital acces to an exploitation at a very large scale called “production of general surplus-value" by Gustav Bunzel. But it also placed the Communist Party of China as the social and military organizator of exploitation and investment.