Socialist market economy

[S.O.I]

http://en.wikipedia.org/wiki/Socialist_market_economy
http://en.wikipedia.org/wiki/Socialism_wit...characteristics (http://en.wikipedia.org/wiki/Socialism_with_Chinese_characteristics)


the economy of the People's Republic of China which as of 2007 consists of the state having ownership of a large fraction of the Chinese economy, while at the same time having all entities participate within a market economy.

This is a form of a socialist market economy and differs from market socialism and mixed economy in that while the state retained ownership of large enterprises, it does not use this ownership to intervene to change prices which are set by the market.

so what do you think of this...? first time i heard of this, i got really confused, because it sounds really wierd..

i guess it could work, it just need more experimenting

[Lenin II]

I've been to China, and I must say China's version of socialism sucks. Their market reforms have spurred economic growth while raising inequalities. It is a deformed workers' state, but it is a workers' state nonetheless. The fact is that their dictatorship of the proletariat has weakened, and now has almost no control over production. Snack foods are manufactured with phormaldyhide in them, etc.
The worker states' control over the economy must be strengthened. Although it was a workers' state, the state that has come out of the Chinese Revolution is an anti-working class petty-bourgeois bureaucracy. Now China has ended up with collectivized property without democracy, slashed wages, outlawing strikes, appointing corrupt police officers whom extort bribes from citizens on a daily basis, and a regime that supports North Korea. It's a shame that a nation with such potential went this route. Hopefully the revolution will be extended in China soon.

[Ismail]

Originally posted by Lenin [email protected] 05, 2007 09:24 am
and a regime that supports North Korea.

Pyongyang, November 4 (KCNA) -- Kim Yong Il, premier of the DPRK Cabinet, paid a courtesy call upon Norodom Sihanouk, the Great King of Cambodia, at the Royal Palace on November 2.

Norodom Sihanouk said that he recalled with deep emotion the fact that Generalissimo Kim Il Sung, the great leader and hero whom the Korean people acclaimed for the first time in the Korean history, always rendered support and assistance to him, regarding him as a real brother.

The world acknowledges that everything is going well in the DPRK as Marshal Kim Jong Il has successfully carried forward the cause of Kim Il Sung, he stressed.

Noting that no enemy can ever attack the DPRK as long as it is led by Kim Jong Il, the great king gave assurances that Cambodia would always throw support behind the Korean people in their struggle to achieve national reunification and build a great prosperous powerful nation and Cambodia and its people would remain their permanent friend, he added.I just found it odd. But as for supporting the DPRK, they are also a workers state, revisionist or not. Also, unlike China, the DPRK isn't social-imperialist.