As I understand it, capitalism is used a tool by the Chinese planned economy to increase the power and well-being of the socialist state. It is kept locked in a cage and beaten down when it steps out of line. Deng realized the inherent growth and power of that growth that capitalism inherently espouses, and manipulated it. Truly bringing about a successful (ongoing) transitional phase from one to the other.
Completely false. The economy of the People's Republic of China is not a planned economy - the vast majority of its economy is under the control of private corporations, and is not subject to government planning. Capitalism is not "locked in a cage" in China, for Capitalism is locking China in a cage, via constant labour abuses, extremely poor working conditions, plutocratic rule, ect. Furthermore, the "Communist" Party of China has no plans to recreate a planned economy, nor Socialism. In short, China is undergoing an NEP (state-capitalism) without end.
A community related to the ProleWiki project.
Post in this community to request articles, provide suggestions and discuss ways to develop our project