Negotiating Debt

The Making of Puhan Rural Community in North China

Authors

  • Sit Tsui
  • Yan Xiaohu

DOI:

https://doi.org/10.14452/MR-072-05-2020-09_6

Keywords:

Socialism, Labor, Marxism, Political Economy, Movements

Abstract

Originally set up in 1998 in China, the Puhan Rural Community was the first peasant-initiated, cross-village organization established after the collapse of the top-down people's communes and the implementation of the household responsibility system. Puhan learned a lesson about the exploitation of usurious microfinance and decided that it was capable of establishing a system of mutual aid credit by itself, changing the cultural emphasis on money. Its story of struggling with rural financial organizations opens up a debate on the trap of marketization and monetization, the root causes of loans and debts, the negotiating power of collectives, the production mode of ecological agriculture, and the redefinition of the commonwealth.

Published

2020-10-19

Issue

Section

Articles