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Chinese Economy

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Soviet cogitations: 1537
Defected to the U.S.S.R.: 14 Jan 2010, 05:46
Ideology: Marxism-Leninism
Party Member
Post 06 Jul 2015, 23:06
What is the current state of the Chinese economy? How much of it is privatized and how much is state owned? Do state owned industries run similarly to industries in socialist states? What kind of worker control or participation is there? Are China's market reforms more similar to a Yugoslavia system where state industries compete with each other or is there more privatization? Was Deng right when he said "Planning and market forces are not the essential difference between socialism and capitalism. A planned economy is not the definition of socialism, because there is planning under capitalism; the market economy happens under socialism, too. Planning and market forces are both ways of controlling economic activity."?
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Soviet cogitations: 3
Defected to the U.S.S.R.: 11 Jul 2015, 04:14
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Post 02 Aug 2015, 04:15
The current state of Chinese economy should be called "state capitalism". I do not have figure about the percentages but that does not make a difference, because the state owned ones do not appear to be "people owned" anyway. It is not really like a socialist state industry because the state owned industries make there own decisions for their own companies to compete in the market, not like the central planning system in a socialist state. There is no worker participation or control there, the same as the political system. I do not really know well about the Yugoslavia system so shall not comment on it. Deng was wrong. When there is market, there is capitalism. This idea is supported by Lenin. The issue behind it is the ownership of the companies. In a socialist state the people own the industries. But when they are privatized, they are owned by the private owners, the capitalists, and this makes a fundamental difference. even more complicated, when market is allowed, the state owned industries no longer belong to the people( at least in China this is the case) because the government officials and the managers of the state owned industries basically make personal benefits out of these state owned industries (and there can be very complicated ties and relationships between these government officials and the capitalists) as for there is planning under capitalism, well this is true but firstly this is the collective planning of the capitalists so this does not change which social class is "in charge" here but a market under "socialism" changes who is "in charge". secondly, it appears to me that market is always the predominant form of economic organisation under capitalism. and even there is planning there is always market with the planning, so market is still associated with capitalism.
Soviet cogitations: 704
Defected to the U.S.S.R.: 01 Mar 2011, 14:10
Ideology: Marxism-Leninism
Komsomol
Post 04 Aug 2015, 07:37
One of the first things the Hua-Deng leadership did in foreign relations after Mao's death was change the country's public position towards Yugoslavia. Tito was welcomed to Beijing and praised as a supporter of "non-alignment," with the Yugoslav economy being described as socialist. In the 1980s many Chinese economists were instructed to study the Yugoslav experience as well as the experiences of Hungary and Poland (which were the most market-friendly countries of the Warsaw Treaty states.) Yugoslavia was the only "socialist" country in Eastern Europe with widespread unemployment to the extent that many workers had to migrate abroad to support their families back home. 85% of Polish agriculture was in private hands as a result of "de-Stalinization." It's not difficult to see why the new Chinese leadership looked fondly towards such countries.
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