China Building Capitalism with Socialist Characteristics

HARVARD BUSINESS SCHOOL 9-706-041 REV: OCTOBER 16, 2006 DEBORA SPAR JEAN OI China: Building â€Å"Capitalism with Socialist Characteristics† We must not act like women with bound feet! If we want socialism to triumph over capitalism, we should not hesitate to draw on the achievements of all cultures. We need to learn from other countries, including the developed capitalist countries. — Deng Xiaoping, 19921 In November 2005, the Central Committee of the Communist Party of China issued its 11th five- year plan. As was typical for such pronouncements, the plan touched on many aspects of Chinas economy, including its fiscal situation, its current account surplus, and its desire to equalize rural and urban incomes. But the central theme was growth.†¦show more content†¦Instead, the emperors and their bureaucrats devoted themselves to artistic and scholarly pursuits, nurturing a civilization that produced classic works of art and literature, as well as the great philosophers Confucius and Lao Zi. When the power of the Zhou royal family at last declined in 403 B.C., wars broke out among some 170 feudal lords, throwing China into an era of political anarchy now labeled the Warring States Period. Chaos prevailed for nearly 100 years, until a single family managed at last to defeat the rival lords and bring China again under a common rule. The new emperor, Qin Shi Huang, then set out to establish a universal and everlasting empire. During his 11-year tyrannical reign, Qin killed thousands of Confucian scholars, divided the estates of other lords into smaller private plots, and undertook great public projects such as the reconstruction of the Great Wall of China. To ensure that his empire remained intact, Qin also established a formal system of government that linked the villages to central provinces and thence directly to the emperor. Between the emperor and the people he created an elaborate imperial bureaucracy that was to dominate China for the next two millennia. Throughout this period, the core of China remained remarkably stable. It was largely an agricultural society, bound and nearly defined by Confucianism, a body of political and moralShow MoreRelatedChina: Building Capitalism with Socialist Characteristics13701 Words   |  55 Pages9-706-041 REV: OCTOBER 16, 2006 DEBORA SPAR JEAN OI China: Building â€Å"Capitalism with Socialist Characteristics† We must not act like women with bound feet! If we want socialism to triumph over capitalism, we should not hesitate to draw on the achievements of all cultures. We need to learn from other countries, including the developed capitalist countries. — Deng Xiaoping, 19921 In November 2005, the Central Committee of the Communist Party of China issued its 11th five- year plan. As was typical forRead MorePolitical Differences Between Russo And China1588 Words   |  7 Pages Whenever people think of communism, Russian SFSR (Russian Soviet Federative Socialist Republic) and China, as two biggest communist polity, always come to people’s mind first. Likewise, at any time people mention authoritarianism, they will never miss the two biggest authoritarian regimes: Russia (Russian Federation) and China. The former, with the collapse of Soviet Union in 1991, the world’s first and largest communist polity and the prime facilitator of communist political systemRead MoreAyn Rand And Niccolo Machiavelli Analysis963 Words   |  4 Pagestype of democracy it has set up to allow it’s citizens to roam the streets in peace and not have to worry about their civil duties to be taken advantage of; other countries like the Republic of Ch ina have a political system completely opposite of the one established and adapted by the United States. China is known to be a controlling government and is established to follow communism. Where the government is really in control of everything restricting people to jobs, labor and food. Countries whoRead MoreHistory and Museum – Instilling National Identity and Multiculturalism by display of History in Museum1711 Words   |  7 Pagesmulticulturalism presents through history in China’s museum from examine several museums in China. China as a communism country usually takes various measure to remain the stability of the country to emphasis the identity of People’s Republic of Chinese other than ethnical identity. â€Å"The museums should promote scientific knowledge and the nations long history while resisting the decadence of feudalism and capitalism†¦ All the museums should be more attractive to people and contribute to the developmentRead MoreEconomic Systems And Economic System1961 Words   |  8 Pagesimmensely important (Winfield, et al, 2014). This essay will analyse the different economic systems by considering the two economic systems that fall on the extreme ends of the spectrum of economic systems, these being capitalism and socialism. It will further discuss the characteristics of each of these economic systems and based on these, argue that the mixed economy is the best alternative economic system. The forms of regulations that create efficiencies and those that create inefficiencies willRead MorePolitical Influence Of The Gang Of Four Essay1507 Words   |  7 PagesIn October 1st 1949, after 8 years war of resistance against Japan, The people s Republic of China was foun ded by the lead of Chairman Mao, which we call the â€Å"New China†. After 1949, China has been through many political movements. The most famous movements among others were the ideological transformation movement; great proletarian cultural revolution; The smash of the gang of four and the reform and opening-up policy, etc. All the articles or books I have read explains those movements from aRead MoreEconomic Questions2815 Words   |  12 PagesQUESTION 1 What are the THREE (3) basic economic questions that all economies must answer? Describe the differences in the way capitalism and socialism answer these questions. Scarcity, Choices, Opportunity Costs We live in a finite world. No matter how seemingly bountiful the quantity of our natural resources may be or how carefully human try to conserve them, if we keep using them, they eventually are going to run out. Our tastes for goods and services are virtually limitless and this createsRead MoreMarxism and Communism Christian Communism4953 Words   |  20 Pagesmovement that advocates and aims to create such a society.Karl Marx, the father of communist thought, posited that communism would be the final stage in society, which would be achieved through a proletarian revolution and only possible after a socialist stage develops the productive forces, leading to a superabundance of goods and services. Pure communism in the Marxian sense refers to a classless, stateless and oppression-free society where decisions on what to produce and what policies to pursueRead MoreUrban Politics Of The Brazil1156 Words   |  5 Pageswaking up every morning and walking outside to slum-like conditions. Right next to those slum-like conditions are brand new athletic stadiums that will primarily used for about a month. It must be infuriating seeing public money be spent on flashy buildings, meanwhile, homes, parks, schools, and more are not given nearly enough funding that is required for complacency. Yet, much of what an individual sees may be interpreted differently. These rundown favelas impact are what people call home. Home forRead More China Essay6832 Words   |  28 PagesBolshevik Revolution in Russia (that resulted in the creation of the Union of Soviet Socialist Republics or Soviet Union) inaugurated an international competition for the hearts and minds of people all over the globe, the Chinese revolution raised the stakes of that struggle. The popular media, academics, political leaders and others in the West produced an understanding of this struggle as between capitalism and communism, although these terms were rarely defined in more than loose and unusually China Building Capitalism with Socialist Characteristics HARVARD BUSINESS SCHOOL 9-706-041 REV: OCTOBER 16, 2006 DEBORA SPAR JEAN OI China: Building â€Å"Capitalism with Socialist Characteristics† We must not act like women with bound feet! If we want socialism to triumph over capitalism, we should not hesitate to draw on the achievements of all cultures. We need to learn from other countries, including the developed capitalist countries. — Deng Xiaoping, 19921 In November 2005, the Central Committee of the Communist Party of China issued its 11th five- year plan. As was typical for such pronouncements, the plan touched on many aspects of Chinas economy, including its fiscal situation, its current account surplus, and its desire to equalize rural and urban incomes. But the central theme was†¦show more content†¦According to the 11th five-year plan, China needed to sustain an annual growth rate of 8% for the foreseeable future. Only with such levels of growth, the leadership argued, could China continue to develop its industrial prowess, raise its citizens standard of living, and redress the inequalities that were cropping up across the country. Yet no country had ever before maintained the kind of growth that China was predicting. Moreover, China had to some extent already undergone the easier parts of development. In the 1980s, it had transformed its vast and inefficient agricultural sector, freeing its peasants from the confines of central planning and winning them to the cause of reform. In the 1990s, it had likewise started to restructure its stagnant industrial sector, wooing foreign investors for the first time and channeling investment funds to the state-owned enterprises. These policies had catalyzed the countrys phenomenal growth, but they could no longer be relied upon to propel the economy much further. Instead, China had to take what many regarded as the final step toward the market, liberalizing the banking sector and launching the beginnings of a real capital market. This step, however, would not be easy. As of 2004, Chinas state-owned enterprises were still only partially reorganized, and its banks were dealing with the burden of over $205 billion (1.7 trillion RMB) in non-performing loans, monies thatShow MoreRelatedChina: Building Capitalism with Socialist Characteristics13709 Words   |  55 Pages9-706-041 REV: OCTOBER 16, 2006 DEBORA SPAR JEAN OI China: Building â€Å"Capitalism with Socialist Characteristics† We must not act like women with bound feet! If we want socialism to triumph over capitalism, we should not hesitate to draw on the achievements of all cultures. We need to learn from other countries, including the developed capitalist countries. — Deng Xiaoping, 19921 In November 2005, the Central Committee of the Communist Party of China issued its 11th five- year plan. As was typical forRead MorePolitical Differences Between Russo And China1588 Words   |  7 Pages Whenever people think of communism, Russian SFSR (Russian Soviet Federative Socialist Republic) and China, as two biggest communist polity, always come to people’s mind first. Likewise, at any time people mention authoritarianism, they will never miss the two biggest authoritarian regimes: Russia (Russian Federation) and China. The former, with the collapse of Soviet Union in 1991, the world’s first and largest communist polity and the prime facilitator of communist political systemRead MoreAyn Rand And Niccolo Machiavelli Analysis963 Words   |  4 Pagestype of democracy it has set up to allow it’s citizens to roam the streets in peace and not have to worry about their civil duties to be taken advantage of; other countries like the Republic of Ch ina have a political system completely opposite of the one established and adapted by the United States. China is known to be a controlling government and is established to follow communism. Where the government is really in control of everything restricting people to jobs, labor and food. Countries whoRead MoreHistory and Museum – Instilling National Identity and Multiculturalism by display of History in Museum1711 Words   |  7 Pagesmulticulturalism presents through history in China’s museum from examine several museums in China. China as a communism country usually takes various measure to remain the stability of the country to emphasis the identity of People’s Republic of Chinese other than ethnical identity. â€Å"The museums should promote scientific knowledge and the nations long history while resisting the decadence of feudalism and capitalism†¦ All the museums should be more attractive to people and contribute to the developmentRead MoreEconomic Systems And Economic System1961 Words   |  8 Pagesimmensely important (Winfield, et al, 2014). This essay will analyse the different economic systems by considering the two economic systems that fall on the extreme ends of the spectrum of economic systems, these being capitalism and socialism. It will further discuss the characteristics of each of these economic systems and based on these, argue that the mixed economy is the best alternative economic system. The forms of regulations that create efficiencies and those that create inefficiencies willRead MorePolitical Influence Of The Gang Of Four Essay1507 Words   |  7 PagesIn October 1st 1949, after 8 years war of resistance against Japan, The people s Republic of China was foun ded by the lead of Chairman Mao, which we call the â€Å"New China†. After 1949, China has been through many political movements. The most famous movements among others were the ideological transformation movement; great proletarian cultural revolution; The smash of the gang of four and the reform and opening-up policy, etc. All the articles or books I have read explains those movements from aRead MoreEconomic Questions2815 Words   |  12 PagesQUESTION 1 What are the THREE (3) basic economic questions that all economies must answer? Describe the differences in the way capitalism and socialism answer these questions. Scarcity, Choices, Opportunity Costs We live in a finite world. No matter how seemingly bountiful the quantity of our natural resources may be or how carefully human try to conserve them, if we keep using them, they eventually are going to run out. Our tastes for goods and services are virtually limitless and this createsRead MoreMarxism and Communism Christian Communism4953 Words   |  20 Pagesmovement that advocates and aims to create such a society.Karl Marx, the father of communist thought, posited that communism would be the final stage in society, which would be achieved through a proletarian revolution and only possible after a socialist stage develops the productive forces, leading to a superabundance of goods and services. Pure communism in the Marxian sense refers to a classless, stateless and oppression-free society where decisions on what to produce and what policies to pursueRead MoreUrban Politics Of The Brazil1156 Words   |  5 Pageswaking up every morning and walking outside to slum-like conditions. Right next to those slum-like conditions are brand new athletic stadiums that will primarily used for about a month. It must be infuriating seeing public money be spent on flashy buildings, meanwhile, homes, parks, schools, and more are not given nearly enough funding that is required for complacency. Yet, much of what an individual sees may be interpreted differently. These rundown favelas impact are what people call home. Home forRead More China Essay6832 Words   |  28 PagesBolshevik Revolution in Russia (that resulted in the creation of the Union of Soviet Socialist Republics or Soviet Union) inaugurated an international competition for the hearts and minds of people all over the globe, the Chinese revolution raised the stakes of that struggle. The popular media, academics, political leaders and others in the West produced an understanding of this struggle as between capitalism and communism, although these terms were rarely defined in more than loose and unusually