State capitalism vs socialism - think, that
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What is STATE CAPITALISM? What does STATE CAPITALISM mean? STATE CAPITALISM meaning \u0026 explanationState capitalism vs socialism - will not
The socialist market economy SME is the economic system and model of economic development employed in the People's Republic of China. The system is based on the predominance of public ownership and state-owned enterprises within a market economy. The economic reform toward a socialist market economy is underpinned by the Marxist framework of historical materialism. In the late s, then-Chairman Deng Xiaoping and the Communist Party leadership rejected the prior Maoist emphasis on culture and political agency as the driving forces behind economic progress and started to place a greater emphasis on advancing the material productive forces as the fundamental and necessary prerequisite for building an advanced socialist society. The adoption of market reforms was seen to be consistent with China's level of development and a necessary step in advancing the productive forces of society. state capitalism vs socialism.Navigation menu
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