China has mastered the hybrid communist state. The people are still not free and essentially slaves to a regime without any input. But you have semi free markets and they allow for foreign investments, technology, business practices and management techniques to come in. Trade and the forces of a free market shape these new economies but the old power brokers simply put themselves on top as CEO of some major state run energy conglomerate such as the Russian Gazprom. The real power brokers remain the same old people as before, they simply become the Kingpins in these new pseudo free economies which you also have in Vietnam, Russia etc. These economies are largely doing fine because unlike the past where they were isolated, ignored supply and demand curves, were to slow to react because everything was planned centralized... they today are often MORE capitalist that the US / Germany or other mixed economies of the West when it comes to dealing with dead firms that aren't making money, or changes in technology or demand based on consumer taste etc. I would bet money that I could take an idea and go to production in China with this idea in less time, with less costs, with less restrictions than in the US.
I'd bet money that your idea would be taken, put into production without your knowledge, and that they would beat you to market with it, if that idea had any potential at all.
If you're going to tout less restrictions as a benefit, you also need to admit the problems. Respect for intellectual property rights is not a hallmark of that nation.
I've known several companies that have experienced this.
http://www.irishtimes.com/newspaper/world/2011/0614/1224298864155.html
Last year China experienced 280,000 of what the government calls “mass incidents”, including petitions, demonstrations and strikes, both peaceful and violent, and invariably linked to anger over corruption, abuses and the illegal seizure of land.
This marks a steep rise from 87,000 incidents in 2005.
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China has mastered the hybrid communist state. The people are still not free and essentially slaves to a regime without any input. But you have semi free markets and they allow for foreign investments, technology, business practices and management techniques to come in. Trade and the forces of a free market shape these new economies but the old power brokers simply put themselves on top as CEO of some major state run energy conglomerate such as the Russian Gazprom. The real power brokers remain the same old people as before, they simply become the Kingpins in these new pseudo free economies which you also have in Vietnam, Russia etc. These economies are largely doing fine because unlike the past where they were isolated, ignored supply and demand curves, were to slow to react because everything was planned centralized... they today are often MORE capitalist that the US / Germany or other mixed economies of the West when it comes to dealing with dead firms that aren’t making money, or changes in technology or demand based on consumer taste etc. I would bet money that I could take an idea and go to production in China with this idea in less time, with less costs, with less restrictions than in the US.
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Do you realize a thing you described has nothing in common with communism?
It is called Fascism and Nazy Germany&Imperial Japan are historical examples of this system.
That was the plan .. the New Economic Policy (NEP) which Lenin needed immediately to build an economy to save the Revolution and for the long term to support his communist state. Eventually the State would take everything. Stalin came to power and ended it way too soon.
Deng copied NEP and the Chi-Coms will not make Stalin's mistake but they will seize foreigners' property and kick them out with nothing when (IF!) Red China can make it without extorting or outright stealing intellectual property, technology, and know-how.
IMO.