The Exhaustion of Developmental Socialism: Lessons from China

Authors

  • Clifford DuRand

DOI:

https://doi.org/10.14452/MR-042-07-1990-11_2

Keywords:

History, Imperialism, Marxism

Abstract

A funny thing happened on the way to market socialism. China started in that direction over a decade ago, seeking to rejuvenate a stagnating economy by basing production decisions on market forces rather than central planning, while regulating the newly-created market in the name of overall social interests. The latter was to give a socialist character to the new system they called "socialism with Chinese characteristics.'

Published

1990-12-02

Issue

Section

Articles