Getting Rich - Pankaj Mishra reports from Shanghai

‘Alternative modernity’ and ‘institutional innovation’ may also sound like mere slogans. The New Left belongs, after all, to a very small and powerless minority of intellectuals. But its growing appeal suggests that the post-Mao reversals of ideology and politics – based on a simple moral opposition between socialism and capitalism, the free market and the state, private and public property – are beginning to lose their force as the storm of progress blowing through China continues to scatter debris everywhere.