Showing posts with label markets decisive role. Show all posts
Showing posts with label markets decisive role. Show all posts

Thursday, November 14, 2013

What exactly is “Socialism with Chinese characteristics?”

Everything the Party does is de-facto 'Socialism'

BEIJING - Outside observers who believe China to be a full-blown capitalist society are often confused by its government’s “socialist” rhetoric. That’s because China escapes most Western-defined categories, or at least it believes and desires to do so, hence the well-known appendix “with Chinese characteristics.” For simplification, we may as well conclude that everything the Communist Party does is de-facto socialism; and, in reverse, that the Party cannot do “not socialism.” [Read it at Big Think]