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Brett Sheehan Examines the Evolution of Chinese Capitalism

Brett Sheehan looks at the evolution of Chinese capitalism chronicling the fortunes of the Song family of North China under five successive authoritarian governments.

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About the book: 
Industrial Eden: A Chinese Capitalist Vision is an illuminating study of the evolution of Chinese capitalism chronicles the fortunes of the Song family of North China under five successive authoritarian governments. Headed initially by Song Chuandian, who became rich by exporting hairnets to Europe and America in the early twentieth century, the family built a thriving business against long odds of rural poverty and political chaos.
 
A savvy political operator, Song Chuandian prospered and kept local warlords at bay, but his career ended badly when he fell afoul of the new Nationalist government. His son Song Feiqing—inspired by the reformist currents of the May Fourth Movement—developed a utopian capitalist vision that industry would redeem China from foreign imperialism and cultural backwardness. He founded the Dongya Corporation in 1932 to manufacture wool knitting yarn and for two decades steered the company through a constantly changing political landscape—the Nationalists, then Japanese occupiers, then the Nationalists again, and finally Chinese Communists. Increasingly hostile governments, combined with inflation, foreign competition, and a restless labor force, thwarted his ambition to create an “Industrial Eden.”
 
Brett Sheehan shows how the Song family engaged in eclectic business practices that bore the imprint of both foreign and traditional Chinese influences. Businesspeople came to expect much from increasingly intrusive states, but the position of private capitalists remained tenuous no matter which government was in control. Although private business in China was closely linked to the state, it was neither a handmaiden to authoritarianism nor a natural ally of democracy.
 

This video is also available on the USCI YouTube Channel.

About the author:
Brett Sheehan is professor of Chinese history at the University of Southern California. He received his Ph.D. from the University of California-Berkeley in 1997. He is also the author of Trust in Troubled Times: Money, Banking and State-Society Relations in Republican Tianjin, 1916-1937 (Harvard University Press, 2003) and numerous articles and book chapters. 
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Events

November 28, 2018 - 4:00pm
Los Angeles, California

Please join the USC U.S.-China Institute for a screening of Nowhere to Call Home, which offers a rare glimpse into the world of a Tibetan farmer, torn between her traditional way of life and her desire for her son to have a better future in the city. Followed by a post-screening discussion with director Jocelyn Ford.

January 24, 2019 - 4:00pm
Los Angeles, California

Please join the USC U.S.-China Institute for a book talk with journalist and author Leta Hong Fincher. Betraying Big Brother is a story of how the feminist movement in China against patriarchy could reconfigure the country and the rest of the world.