THE SOCIALIST MARKET ECONOMY: CHINA AND THE WORLD

摘要

The market economy is only an economic mechanism used by the government to achieve certain socialist goals that can be restricted by it if it fails to achieve them - the Chinese government enjoys more macroeconomic control of the economy than any capitalist social democracy ever has. [...] the production and circulation of commodities exist in very different economic systems. Yet, he also treats the market economy as an independent economic system and puts it on the same level with socialism when he says: "The theory and practice of the socialist market economy, fundamentally surmounting the limitations of capitalism, combine the superiority of the economic system of socialism with the advantages of the market economy."