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It's pretty disappointing. The Vietnamese communist party defends the Doi Moi reforms as using capitalism controlled by the people's state as a phase to increas
by tehjoker 7y ago
It's pretty disappointing. The Vietnamese communist party defends the Doi Moi reforms as using capitalism controlled by the people's state as a phase to increase production in the economy. This is something understandable as socialism can't be built on an insufficient industrial base and capitalism provides individual incentives to jump start it and a door for foreign investment from capitalist countries. However, other leftists critique this as revisionist and a failure of existing Marxist-Leninist models* which do not appear to incorporate true worker control of the economy.
Once you introduce capitalism without proper checks on the bureaucracy, it takes on a life of its own as the newly created capitalist class begins to advocate for itself at the expense of the people and the bureaucrats begin to see themselves as the rightful heirs of private wealth. This is one analysis I read of what happened in China.
I'm not sure who to believe, but introducing elements of capitalism is on its face a dangerous move for the Vietnamese revolution. Honestly, I'm shocked that they've let it go so far they have a billionaire. I hope they have things actually under control because they fought and bled for decades to eject imperial influences from France and America and to ensure the people control their own fate.
I'm sure a politically active Vietnamese person would have a different take than me (and certainly a multitude of takes), given they understand their circumstances better than a dabbler foreigner like myself.
* I say existing because the Soviet Union briefly attained this, but the leadership shut down the workers councils (which many saw as a betrayal). So this idea isn't necessarily inimical to Marxism-Leninism, but in practice only a sparse number of examples have been realized.