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Can China's socialism promote the private sector?



China’s private sector has ridden a rocky road. Under classical Marxism, or Socialism, the state owned all the means of production — and China’s economy was weak and stagnant. When Deng Xiaoping introduced the “socialist market economy,” the private sector flourished, facilitating China’s economic miracle. But even recently, foreign reports have the state sector advancing and the private sector retreating. What is the reality? What is the private sector’s role in China’s new era?

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Gilles Milaire
Gilles Milaire
7 months ago

The farmers debt should go to zero, it should be forgiven. Capitalism has issues that need to be fixed with socialist solutions.

Peter Lemmon
Peter Lemmon
7 months ago

#PigPrivateInterprise Locals lease their land to a private company. They get dividends from either investing or leasing land. The land owners, also, are employed from 80-200 people profiting as the public/private pig business flourishes. However, it is not clear how a family was left $40,000 in debt after the risk of swine flu hit? ‘Risk’ and who takes the hit when they inevitably come is the question? Does the public, individual or the private sector take the losses from ‘Risk’ that are not shared? Implied in the piece is that in a Socialist market economy with Chinese characteristics ‘benefit and… Read more »

Jimmy D
Jimmy D
7 months ago

China should be using a grassroots cooperative system for business, bottom up control is true socialism 👍

Dr. Ivo Robotnik
Dr. Ivo Robotnik
7 months ago

China's economy is in the worst shape its been in 30 years. 😂

Merkaba Carpet
Merkaba Carpet
7 months ago

In 50 years, Africa will surpass China. China's economy is fake, over leveraged, and dead in the water. It offers no innovation because its people are held in bondage and fear. China loses Hong Kong and will face huge uprisings as it tries to control its people, who are waking up. China is mired in fear-based leadership decisions of the dark ages. China's leadership is crippled by it's corruption and lack of transparency. Every move China's leadership made since 2016 has backfired, exposing it's deep rooted corruption around the globe. This exposure continues nonstop for a decade, until China implodes.… Read more »

Bolshevik Cosmonaut
Bolshevik Cosmonaut
7 months ago

Why would you want a strong private sector anyways? Isn't the whole point of socialism to get rid of it ASAP?

Maoist Naxals
Maoist Naxals
7 months ago

The western world with their Social Welfare Systems.. is already in itself a form of Socialism.. testimony of the failures of capitalism and laissez-faire

Leslie JT Chan
Leslie JT Chan
7 months ago

socialism?look at french socialist gov

Chimmy the American Patriot
Chimmy the American Patriot
7 months ago

NO SOCIALISM!!!!!

jerry daniel
jerry daniel
7 months ago

China # 1 🌏 💪💪💪

Lord Average
Lord Average
7 months ago

As Xi has said "for a long time yet, a more developed system of capitalism will exist alongside the primary stage of socialism". The private sector can still be of use to China while they build their economy further and further since China is still developing but at some point there will be no need for the profit motive and exploitation of workers through wages. We will see how this plays out once China is closer to the western nations in wealth per capita and can transition to a more advanced socialism. By 2050 and beyond it will be very… Read more »

dyu999
dyu999
7 months ago

Ask Venezuelan

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