Deng didn’t move away from state control, really, he opened up the economy more to the foreign market. The economy still had a private sector under Mao, it wasn’t a fully planned state economy. People often see the shift from Mao to Deng as larger than it actually was, Mao wasn’t a hyper-accelerationist Communist and Deng a hyper-Capitalist.
To a degree, the “pruned market” strategy of Deng helped accelerate growth, but the impact was marginal compared to the stability it brought to growth. See Socialism Developed China, not Capitalism.
Yeah I don’t see Deng as a hyper capitalist, and I do have issues with him, but when reading on China I saw this, and I only did light reading, like 2 or 3 web pages, so I was viewing this from my point of view, mostly identify as a Liberal in a classic sense. I could have missed some points and thank you for your opinions, I feel we should always try to not see everything through only our point of views. Like China is one of the greatest success stories where if I look at graphs on wiki since 1995-ish they have grown and uplifted the largest group of people from poverty to middle income. No one can deny the Chinese miracle.
Sure, nobody can deny the Chinese Miracle. What’s important is recognizing why it works correctly, they call it Socialism with Chinese Characteristics. It’s dominated by public ownership of large firms and key industries, and has private ownership and cooperative for smaller and medium firms that are heavily guided by state planning. It goes against liberalism, because it’s based on Marxism-Leninism.
Deng didn’t move away from state control, really, he opened up the economy more to the foreign market. The economy still had a private sector under Mao, it wasn’t a fully planned state economy. People often see the shift from Mao to Deng as larger than it actually was, Mao wasn’t a hyper-accelerationist Communist and Deng a hyper-Capitalist.
To a degree, the “pruned market” strategy of Deng helped accelerate growth, but the impact was marginal compared to the stability it brought to growth. See Socialism Developed China, not Capitalism.
Yeah I don’t see Deng as a hyper capitalist, and I do have issues with him, but when reading on China I saw this, and I only did light reading, like 2 or 3 web pages, so I was viewing this from my point of view, mostly identify as a Liberal in a classic sense. I could have missed some points and thank you for your opinions, I feel we should always try to not see everything through only our point of views. Like China is one of the greatest success stories where if I look at graphs on wiki since 1995-ish they have grown and uplifted the largest group of people from poverty to middle income. No one can deny the Chinese miracle.
Sure, nobody can deny the Chinese Miracle. What’s important is recognizing why it works correctly, they call it Socialism with Chinese Characteristics. It’s dominated by public ownership of large firms and key industries, and has private ownership and cooperative for smaller and medium firms that are heavily guided by state planning. It goes against liberalism, because it’s based on Marxism-Leninism.
Here’s a study guide for Socialism with Chinese Characteristics, and here’s a shorter article on Socialism with Chinese Characteristics.