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Apples to oranges. China, while communist, does not have a centrally-planned economy like the USSR had. They began a series of extensive economic reforms in 197
by mr_overalls 10y ago
Apples to oranges. China, while communist, does not have a centrally-planned economy like the USSR had. They began a series of extensive economic reforms in 1978, leading to privatization of industries, opening to foreign investment, allowances for entrepreneurship, etc.
- unknown_apostle 10y agoAlso, I think when China began its gradual reform, the country quite simply already had hit rock bottom, coming out of the utter chaos of the cultural revolution. Chaos is different from a fragile order. You can't burn down ashes. But we seem to have strayed off course somewhat.