Posted on 11/30/2006 5:39:26 AM PST by shrinkermd
China economic system in it's truest sense a communist one. Production of all goods and services are determined by the Communist Party. The prices are not controlled by consumer demand but instead are controlled by the Chinese Communist Party. I understand the economic differences.
>The prices are not controlled by consumer demand but instead are controlled by the Chinese Communist Party.
I do not think you have kept up with what has happened in China the last 20 years. The reason China has tremendous growth over this period is the end of most party control of the economy.
China's rulers may be evil political dictators, but they are not stupid enough to ignore what capitalism has done for Hong Kong, Taiwan, Singapore, and much of the rest of east Asia.
Apples and oranges. your terms are mixed up.
Communism is a political structure. Capitalism is not.
It is possible to have the two co exist, and China is doing that, albeit with difficulty.
>Communism is a political structure.
Not according to the primary dictionary definition:
http://www.m-w.com/dictionary/communism
1 a : a theory advocating elimination of private property b : a system in which goods are owned in common and are available to all as needed
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