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Chinese Economics

Capitalism and Communism are two different economic systems. Capitalism is an economic system characterized by freedom of the market and Communism is an economic system in which one does not have freedom because the government will make your decisions for you. In a Capitalism economy the government will change gradually, but is able to adjust to it with ease. Each person also has individual freedom with lack of government interference; also individuals have the freedom to choose what they want and when they want it. On the other hand, not everybody will have a job, and the government will not help him or her find one. But, if you do have a job, not everyone will be getting paid the same amount of money as you do. It all depends on what you do whom you work for, and how long you decide to work. Communism, however, has many drastic chances at a time, but is able to handle them, but in communism every communist citizen has a job, but no matter how much you work or whom you work for, you will always be getting paid the same amount of money as everyone else. Also in a communist economy consumers will not always get what they want because the government decides on what you will buy. When you go to the store, and you don’t have a choic


e of what you want to buy. If you are communist, the government decides for you. Because of this, you can not always get what you want which is why communism is not a good consumer economy to live in. In our economy, you must work to make money. The more you work, the more you will get paid and now you will be able to buy what you need, and what you want. In a communist economy, you can work as much as or as little as dictated, but you will still get paid the same amount of money as everyone else. China is a communist economy. While Russia is trying to be a Capitalism. Two years after the death of Mao Zedong in 1976, it became apparent to many of China's leaders that economic reform was necessary. During his tenure as China's premier, Mao had Harris 3 encouraged social movements such as the Great Leap Forward and the Cultural Revolution, had had as their basis of ideology such as serving the people and maintaining the class struggle. By 1978 "Chinese leaders were searching for a solution to serious economic problems produced by Hua Guofeng, the man who had succeeded Mao Zedong as CCP leader after Mao's death" (Shirk 35). Hua had demonstrated a desire to continue the ideologically based movements of Mao. Unfortunately, these movements had left China in a state where "agriculture was stagnant, industrial production was low, and the people's living standards had not increased in twenty years" (Shirk 200). This last area was particularly troubling. While "the gross output value of industry and agriculture increased by 810 percent and national income grew by 420 percent [between 1952 and 1980] ... average individual income increased by only 100 percent" (Ma Hong quoted in Shirk 28). However, attempts at economic reform in China were introduced not only due to some kind of generosity on the part of the Chinese Communist Party to increase the populace's living standards. It had become clear to members of the CCP that economic reform would fulfill a political purpose as well since the party felt, properly it would seem that it had suffered a loss of support. As Susan L. Shirk describes the situation in The Political Logic of Economic Reform in China, restoring the CCP's prestige required improving economic performance and raising living standards. The traumatic experience of the Cultural Revolution had eroded popular trust in the moral and political virtue of the CCP. The party's leaders decided to shift the base of party legitimacy from virtue to competence, and to do that they had to demonstrate that they could deliver the goods. This movement seemed to mark a serious departure from orthodox Chinese political theory. Confucius himself had posited in the fifth century BC that those individuals who best demonstrated what he referred to as moral force should lead the nation. Using this principle as a guide, China had for centuries attempted Harris 4 to choose at least its bureaucratic leaders by administering a test to determine their moral force. After the Communist takeover of the country, Mao continued this emphasis on moral force by demanding that Chinese citizens demonstrate what he referred to as "correct consciousness." This correct consciousness could be exhibited, Mao believed, by the way people lived. Needless to say, that which constituted correct consciousness was often determined and assessed by Mao. Nevertheless, the ideal of moral force was still a potent one in China even after the Communist takeover. It is noteworthy that Shirk feels that the Chinese Communist Party leaders saw economic reform as a way to regain their and their party's moral virtue even after Mao's death. Thus, paradoxically, by demonstrating their expertise in a more practical area of competence, the leaders of the CCP felt they could demonstrate how they were serving the people. To be sure, the move toward economic reform came about as a result of a "changed domestic and international environment, which altered the leadership's perception of the fact

Some topics in this essay:
Hill Dellenbrant, Hua Guofeng, Innovation Russia, Andrew Shirk, Communist Party, Organization Gargan, President Gorbachev, Cultural Revolution, Colton Legvold, Capitalism Communism, economic reform, moral force, foreign investments, communist party, hill dellenbrant, private enterprises, chinese communist party, joint ventures, chinese communist, zuckerman d8, human rights, paid amount money, shandong huaneng power, power development company, 1988 hill dellenbrant,

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Approximate Word count = 6375
Approximate Pages = 26 (250 words per page double spaced)


  

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