Sino-liberalism: the socialist market and the neoliberal concept of freedom

The very notion of China’s ‘socialist market economy’ presents us with numerous paradoxes, such as the way it challenges former distinctions made between democratic and Communist systems. This paper examines the rhetorical dimensions of Milton Friedman’s seminal text, Capitalism and freedom (1962), and demonstrates how literary analysis can make an important contribution towards our understanding of the formation of neoliberal ideology. Drawing on critiques of Chinese capitalism mounted by Zhu Wen in his 1994 short story ‘I Love Dollars’, and the essays in Yu Hua’s China in ten words collection (2011), I show the extent to which the perceived discordance between neoliberalism and socialism is grounded in bi-polar Cold War formations. This examination of neoliberal ideals across three literary genres highlights the layers of fiction, and truth, that are present equally within those designated categories of prose, non-fiction, and economic tract.