Richard Wolff on the Chinese form of Socialism

Published on Sep 3, 2019
“So the Chinese used the world market, the deal they struck with private capitalists and the lessons they learned from the Soviet Union to organize what they call a special Chinese kind of socialism that allows for private enterprise (a considerable amount) allows for market dealings (a considerable amount) but controls from the top, through the state-owned enterprises, the leading or dominant sectors of the Chinese economy.”

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