Reddit mentions of How China Became Capitalist

They never where communist. If anything they where socialist. But the are defntily not anymore, the socialist elements start going away more and more.

Basiclly you have this. China isn't doing well economly mao dies. The Communist Party kind of figure out that he have to do something about the problems in china. Some of them are more open to change and trying diffrent thing.

So part of what they do is giving the diffrent parts of china more freedom, as long as they still pay there taxes to the federal goverment. So these subparts of china for multible reasons throw away concepts, or maybe its more accurate to say the where withering away.

This allowed the Communist Party to keep beeing in power (and they still are) but it has nothing to do with socialism or commisum or any of there original ideas (when mao and five other guys where planning this hole revolution somewhere in a small boat).

So now you have a china that is pretty free market in some places, the big citys are pretty simular to citys like HongKong, while on the inside of china you have still a lot of the old 'socilaist' rules.

So china today is a mixed bag of oldschool socilaism in some places, relativle free markets in other combined with a goverment that can be discribed as technocratic. Meaning let 'experts' figure things out.

Check out 'How China Became Capitalist' by the nobel price winning economist Ronald Coase. Its really goes step by step threw the diffrent changes in china.

> http://www.amazon.com/China-Became-Capitalist-Ronald-Coase/dp/1137019360