Economics - Socialist Action

China grew fast because it was open & socialist, not closed & capitalist

20th September 2016 Socialist Action 0

The following article by John Ross, on why China’s economy is so successful, was previously published on the website China & the world economy.

My article ‘China’s socialist model outperforms capitalism’ established factually two key conclusions for global economic and social development.

Lessons of the Chinese economic reform, part 1

1st May 1996 Socialist Action 0

First published: May 1996

The most conclusive indictment of the economic policies which have devastated Eastern Europe and the former Soviet Union since 1989 and 1991 is their contrast with the spectacular success of the reform of the world’s second major centrally planned economy – China – a model now being increasingly applied in Vietnam and Cuba. China’s success shows that the suffering inflicted upon the peoples of Eastern Europe and the former USSR, under the guidance of the IMF, was totally unnecessary.

Lessons of the Chinese economic reform, part 2

1st May 1996 Socialist Action 0

[Continued from Part 1] The virtuous circle of the Chinese economic reform As the consumer boom took off however, it had an increasing knock-on effect upon the state-owned industrial sectors of the [Read more]