Wednesday, February 28

Dirigisme, not communism

What the article "Does Communism Work After All?" outlines is hardly Communism, whether that is defined as either of the following:
  1. a totalitarian system of government in which a single authoritarian party controls state-owned means of production
  2. a final stage of society in Marxist theory in which the state has withered away and economic goods are distributed equitably.
I'd call China's a dirigiste economy--a mainly capitalist economy with a strong economic participation by government.

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