Critical reflections on “Chinese capitalism” as paradigm

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Abstract
A culturally shaped Chinese capitalism has received much attention over the last decade, accompanied by a renewed interest in Confucianism as the marker for Chinese culture. This essay argues against culturalist explanations of the successful economic development of Chinese (and more generally, East Asian) societies. The flourishing of capitalism in these societies, it argues instead, is best understood with reference to developments within capitalism globally. Rather than a source of capitalist development, a Chinese culture conceived homogeneously provides an ideological alibi to new developments within capitalism, as well as a means to check the disruptive effects of capitalist development in Chinese societies. An insistence on Chineseness conceived culturally disguises, and seeks to contain, the social and cultural dispersal of Chinese populations, the so‐called Chinese diaspora.