Ivan Szelenyi argues that no third way alternatives to capitalist market economy and socialist planned economy are possible, a conclusion he reached after his own searches for such dating back to the 1980s. My comment responds to his two main points, about a “real estate bubble,” and hence the non-sustainability of Chongqing’s third finance, and the historical failures of third ways in Eastern Europe and Russia, and hence the likelihood of the same failure in Chongqing and in China.

Please check the attachment .