A culturally shaped Chinese capitalism has received much attention ove
r the last decade, accompanied by a renewed interest in Confucianism a
s the marker for Chinese culture. This essay argues against culturalis
t explanations of the successful economic development of Chinese (and
more generally, East Asian) societies. The flourishing of capitalism i
n these societies, it argues instead, is best understood with referenc
e to developments within capitalism globally. Rather than a source of
capitalist development, a Chinese culture conceived homogeneously prov
ides an ideological alibi to new developments within capitalism, as we
ll as a means to check the disruptive effects of capitalist developmen
t in Chinese societies. An insistence on Chineseness conceived cultura
lly disguises, and seeks to contain, the social and cultural dispersal
of Chinese populations, the so-called Chinese diaspora.