The eternal truths of history can guide us through this crisis
Many versions of this are circulating around the Internet, describing how we can learn much from China’s evolution since WWII from rural backwater to major power.
Mao Tse-tung, On the Correct Handling of Contradictions Among the People, 27 February 1957:
When the rule of imperialism, feudalism and bureaucrat-capitalism was overthrown by the people, many were not clear as to where China was headed–to capitalism or socialism. Facts give the answer: Only socialism can save China. The socialist system has promoted the rapid development of the productive forces of our country–this is a fact that even our enemies abroad have had to acknowledge.
After Mao’s death, Deng Xiaopeng took control in 1979 and modified this: Only capitalism can save China!
After the fall of the Berlin in 1989 the remaining true believers said Only China can save socialism!
It’s now 2009, the western banks are burning, and everybody knows that only China can save capitalism!