Financial Institutions and Development in China
Satya Gabriel, professor of economics and finance at Mount Holyoke College in Massachusetts, has been researching the Chinese economy for over thirty years. He is the author of Chinese Capitalism and the Modernist Vision (2006) which made two key arguments, both of which are controversial: (1) the Chinese economy is undergoing a contemporary transition from (state) feudalism to (state) capitalism; and, (2) superorganic corporate structures, via cash flow distributions and dependency relationships, are gaining control over the long-run policy direction of China, locking into place the course of transition to capitalism. He has co-authored numerous other texts in economics and cultural analysis.