Why is the debate concerning the socialist market economy settled in China?

STALIN'S MOUSTACHE

When I asked a Chinese colleague recently about the socialist market economy, he said ‘why would you be interested in that? The debate is settled and no-one is much conerned with it’. I did point that some international observers still do not understand the socialist market economy. For example, the EU acknowledges that China has a socialist market economy, but then misunderstands it: for the EU, it entails state ‘intervention’ in an autonomous ‘market’. Nothing could be further from the truth, for they use the framework of a capitalist market economy.

In my ongoing research, I have come across what is widely recognised as the most influential study on the socialist market economy, one that largely settled debates and defined the breakthrough. It is by Huang Nansen and entitled (in English translation), ‘The Philosophical Foundations of the Theory of the Socialist Market Economy’ (Marxism and Reality, 1994). Huang identifies two…

View original post 1,290 more words

Advertisements
This entry was posted in Class War Chronicle. Bookmark the permalink.

1 Response to Why is the debate concerning the socialist market economy settled in China?

  1. Pingback: Red News | Protestation

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s