Word: capitalistically
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...economic official in Shanghai gives this reason for retaining at least some production quotas: "Of course we cannot give each factory the right to decide what to produce. What would happen if all of our garment factories produced blue jeans and none produced coats?" The capitalist answer would be that a free price system would prevent that. The price of jeans would plummet, and the price of coats would soar; many jeansmakers would, so to speak, lose their shirts and be happy to switch to turning out coats. But Deng and his planners seem unwilling to let prices fluctuate freely...
...with the Italian Communist daily L'Unità, Hu Yaobang, General Secretary of the Chinese Communist Party, phrased it this way: "Since the October Revolution [of 1917, which enthroned Soviet Marxism], more than 60 years have passed. How is it that many socialist countries have not been able to overtake capitalist ones in terms of development? What was it that did not work...
...economic growth rate has slipped to about half the pace of the 1960s, and its citizens still have to stand in long lines for such minor amenities of life as toilet paper and detergent powder. On the most basic level, Moscow must import huge tonnages of grain from the capitalist world to keep the Soviet populace properly...
Some popular opposition is developing. To give the nascent market system a chance to work, Peking abolished some subsidies for food, clothing and utility production and gradually freed some industrial prices. One result was a whiff of that old capitalist evil, inflation: in some cities, food prices jumped 35% in early 1985. The blow was softened by a continuation of wage increases begun immediately after Mao's death. Nonetheless the price boosts stirred widespread grumbling, particularly among older Chinese who retain bitter memories of the hyper-inflation that preceded the Communist takeover...
...have their origins in a certain way of thinking and a certain style of work which has developed over a period of time." That admission satisfied Jiang Qing and the fanatical Red Guards only temporarily. In 1967 Mao's wife openly denounced Deng as a "culprit of the counterrevolutionary capitalist line," leading to his dismissal from both his party and government offices. He was, however, allowed to retain his party membership...