How China Evolved Away from Communism After It Failed
China’s economic miracle did not begin when communism finally worked. It began when China stopped insisting on it. — YNOT! For decades, China tried to build prosperity through orthodox communist economics: collectivized agriculture, state ownership, central planning, government-set prices, production quotas, and ideological control over economic life. The result was not prosperity. It was poverty on a historic scale. When the Chinese Communist Party took power in 1949, China was already desperately poor after civil war and Japanese occupation. Mao Zedong then attempted to remake the economy according to revolutionary ideology. The most catastrophic experiment was the Great Leap … Continue readingHow China Evolved Away from Communism After It Failed