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Well, they have moved to a mixed-economy and are still moving. There was a documentary several years back that had a VC General who was being interviewed. He

Well, they have moved to a mixed-economy and are still moving. There was a documentary several years back that had a VC General who was being interviewed. He was walking down a street talking about his grandchildren's interests and walking by all those American company's logos. He was not pleased.

sudosysgen 6y ago
It's important to note that Vietnam, much like China, only promises the mixed economy temporarily, and officially at least claim that they will move away from it once the country is sufficiently developped.
- nguyenkien 6y ago
  "officially at least claim that they will move away from it once the country is sufficiently developped" This is very bold claim, can you give source? I'm Vietnamese and never hear about that before.
  - boomboomsubban 6y ago
    They claim the current semi-planned economy is a transition to true socialism. It's been in transition for over thirty years, and sounds more like ideological justification than a real plan to change. For details see https://en.wikipedia.org/wiki/Socialist-oriented_market_economy https://en.wikipedia.org/wiki/Socialist-oriented_market_econ...
    - sudosysgen 6y ago
      It certainly could be ideological justification, however as early as the 1880s communists and socialist started advocating for 50-100 years of state capitalism in less developed countries before socialism would be attempted. Lenin for example had this position in the USSR once he realized central planning wasn't going to work out well enough, but Stalin took the USSR in another direction when Lenin died.
    - imtringued 6y ago
      That's just plain stupid. Extreme socialism doesn't solve any problems that capitalism couldn't solve with the right policies. It is entirely possible to build a capitalist society that treats worker fairly. You only need leadership that is caring about the population instead of personal gain. Socialism isn't immune against that, in fact it often goes hand in hand with authoritarianism which means economic outcomes will be worse in most cases.
      - boomboomsubban 6y ago
        Yes, if capitalism didn't exploit the working class I doubt socialists would find it so intolerable.
oytis 6y ago
Their politics is still authoritarian/totalitarian regardless the economy. So really looks like wannabe China #2 to me.

sudosysgen 6y ago

It's important to note that Vietnam, much like China, only promises the mixed economy temporarily, and officially at least claim that they will move away from it once the country is sufficiently developped.

nguyenkien 6y ago
"officially at least claim that they will move away from it once the country is sufficiently developped" This is very bold claim, can you give source? I'm Vietnamese and never hear about that before.
- boomboomsubban 6y ago
  They claim the current semi-planned economy is a transition to true socialism. It's been in transition for over thirty years, and sounds more like ideological justification than a real plan to change. For details see https://en.wikipedia.org/wiki/Socialist-oriented_market_economy https://en.wikipedia.org/wiki/Socialist-oriented_market_econ...
  - sudosysgen 6y ago
    It certainly could be ideological justification, however as early as the 1880s communists and socialist started advocating for 50-100 years of state capitalism in less developed countries before socialism would be attempted. Lenin for example had this position in the USSR once he realized central planning wasn't going to work out well enough, but Stalin took the USSR in another direction when Lenin died.
  - imtringued 6y ago
    That's just plain stupid. Extreme socialism doesn't solve any problems that capitalism couldn't solve with the right policies. It is entirely possible to build a capitalist society that treats worker fairly. You only need leadership that is caring about the population instead of personal gain. Socialism isn't immune against that, in fact it often goes hand in hand with authoritarianism which means economic outcomes will be worse in most cases.
    - boomboomsubban 6y ago
      Yes, if capitalism didn't exploit the working class I doubt socialists would find it so intolerable.

oytis 6y ago

Their politics is still authoritarian/totalitarian regardless the economy. So really looks like wannabe China #2 to me.