communist club

Reddune
Fri, 25 Sep 2009 06:26:09 +0000

"how can china not only exist, but also thrive economically… "

…China is not communist economically or politically. It has a party that is called the Communist Party, but that party does not promote Communism in any form–not Marxism, not Leninism, not Trotskism, and not even Maoism. It practices capitalism with some state-own operations. The phenomenon of Asian countries picking national champions to promote export is quite common. Korean has Hyundai and Japan has Toyota and Sony. China takes it a step farther (or backward) and actually owns a part of the corporation. But unlike old fashion socialism, the “state-owned” companies act more like national champions than a complete agency of the state. They issue stocks that the public can buy. In fact, the Chinese stock market is one of the hottest in the world right now. The Chinese government is thus a major stock holder rather than a complete proprietor. Gle, I am beginning to doubt you actually know what communism is and what is its operation in theory and in practice.

To learn more about China’s modern macroeconomic and economic development over the past 70 years, pick up * The Chinese Economy: Transitions and Growth * by Barry Naughton. The book isn’t a light reading and some background in economic is required. I think you desperately need a better education on China and its “communist” party.