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2 years, 10 months ago via Twitter

Is China a rare case where communism actually works?

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davepamn | 2 years, 10 months ago view on twitter
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China is governed by a communist government. The government is less than a hundred years old, a short period of time, for a civilization.

Communism has serious weaknesses.

1. Money does not accumulate. Accumulation of money is necessary for innovation.
2. Central Planning can not accurate price products. The balance between supply and demand is constantly wrong in a centralized planning. The wrong inventories are accumulated and the price is monopolistic. Complex systems need complex pricing structures to find the correct price.
3. Political ideology can compete in opposition to market ideology. Business needs to be the catalyst for growth

Small business provides jobs and innovation. China is a country with millions of small business.
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Forced redistribution of wealth does not work.

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matthewh | 2 years, 10 months ago Report

Great answer. But the question doesn't really make sense, being that Communism doesn't work in China. Government is supposed to help the people. They are making it a living hell

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esavato | 2 years, 10 months ago view on twitter
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It is hard to say that Communism is working in China when the regime severely oppresses the population.

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pixelsilva | 2 years, 9 months ago Report

Guess this communism base on capitalistic market is taking the best out of the free enterprise. In the end, the lucky monolithic party leaders are benefiting from the free economy to preserve their way of government.... as long as they stay focus with the economic grow instead a fast military build up.

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