Odd Arne Westad on how China First Joined the Global Capitalist Economy

In this episode of the Odd Lots podcast, the hosts dive into "The Great Transformation: China's Road from Revolution to Reform," a book that unpacks the intricate history behind China's economic liberalization. The authors challenge the common belief that Mao's death simply paved the way for Deng Xiaoping's reforms, suggesting this view is too simplistic. The discussion highlights the unforeseen impacts of the Cultural Revolution, the unpredictable nature of historical events, and the significant influence of the Sino-Soviet split on China's engagement with the West. It also examines the trade-offs between economic growth and political freedom, ultimately raising questions about the direction China is taking under Xi Jinping.