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Politics : Politics for Pros- moderated
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To: neolib who wrote (520264)11/7/2012 5:58:39 PM
From: skinowski2 Recommendations  Read Replies (1) of 793604
 
Everything you said about China is, to my knowledge, true -- but your description is incomplete, and in a crucial detail. The fact below plays a central part. Nothing worked for them until they did this: (sorry for quoting myself -g).

China is successful to the extent that it allows private enterprise. They starved - until they begun to encourage individuals to become rich

To my knowledge, no nation ever achieved major economic success based on hard socialist structure, without - at least - a large private sector. Even Lenin in the early 20's allowed private ownership of "small" businesses with the express purpose of improving the economic situation. However, he did it with an open intent of later turning away from this policy, and going back to "hard" socialism. Even so, the policy worked.

The Chinese are doing something, perhaps, analogical, but it seems they intend that their huge private sector should remain a permanent feature in their nation. Wouldn't be surprised if they have - or soon will have - as many rich people as we do. Hopefully, their newly acquired economic freedoms will gradually translate into more political freedoms as well. Their path seems to be in this direction.

That's a big change since the Cultural Revolution.
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