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Some scholars have described China's economic system as a form of state capitalism, particularly after the industrial reforms of the 1980s and 1990s, noting that while the Chinese economy maintains a large state sector, the state-owned enterprises operate like private-sector firms and retain all profits without remitting them to the government ...
He then notes: "The real contest of our time is not between a state-capitalist China and a market-capitalist America, with Europe somewhere in the middle. It is a contest that goes on within all three regions as we all struggle to strike the right balance between the economic institutions that generate wealth and the political institutions that ...
Party-state capitalism (Chinese: 黨國資本主義) is a term used by some economists and sociologists to describe the contemporary economy of China under the Chinese Communist Party (CCP). [ 1 ] [ 2 ] The term has also been used to describe the economy of Taiwan under the authoritarian military government of the Kuomintang (KMT).
Public enterprise state-managed market economy, one form of market socialism which attempts to use the price mechanism to increase economic efficiency while all decisive productive assets remain in the ownership of the state, e.g. the socialist market economy in China and the socialist-oriented market economy in Vietnam after reforms.
In this book, published five years after Knowledge and Human Interests, Habermas explored the fundamental crisis tendencies in the state-managed capitalism. Before the state-managed capitalism, states are primarily concerned with maintaining the market economy, while in the state-managed capitalism, states have additional roles such as ...
Such systems are described as state capitalism because the state engages in capital accumulation, primarily as part of the primitive accumulation of capital (see also the Soviet theory of primitive socialist accumulation). The difference is that the state acts as a public entity and engages in this activity to achieve socialism by re-investing ...
According to party theorists, since China adopted state ownership when it was a semi-feudal and semi-colonial country, it is claimed to be in the primary stage of socialism. [31] Because of this, certain policies and system characteristics—such as commodity production for the market, the existence of a private sector and the reliance of the ...
Johnn Fairley, French Developments in the Theory of State Monopoly Capitalism, in: Science and Society; 44(3), Fall 1980, pages 305-25. Keitha S. Fine, The French communist party: the theory of state monopoly capitalism and the practice of class politics, 1958-1978. Phd Thesis, Tufts University, 1979. Ernest Mandel, Late Capitalism, pp. 515–522.