Word: capitalistically
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...most striking achievement of this don't-rock-any-boats policy is a deal signed with Britain a year ago under which Peking in 1997 will assume sovereignty over Hong Kong on a pledge to maintain Hong Kong's wide-open, laissez-faire capitalist system for at least 50 years after that. Peking is now touting an even more lenient version of this "one nation, two systems" approach as a model for a reunification deal with Taiwan, which it once threatened to take by force. Peking proposes to let Taiwan retain not only a capitalist economy but independent armed forces...
...intellectuals were banished to factories and into the countryside to "learn from the people" by working with their hands, and teenage Red Guards rampaged through China assaulting supposed "bourgeois rightists." One was Deng, who was paraded through Peking with a dunce cap on his head and mocked as a "capitalist roader...
...classic variety. Marx preached his revolution as history's final showdown between the forces of light and those of darkness. It strains the imagination to conjecture what he might have thought of a second revolution that seeks, in Deng's words, "to adopt useful things [from] the capitalist system...
...member who likens the economy to a bird that must be kept in a cage. "A planned economy must remain as our primary goal; a market economy can only be a supplementary measure for temporary adjustment," said Chen. More generally, he complained that "everything for money is the decadent capitalist idea which has gradually prevailed in our party and society." Even if that point of view should eventually win out, a return to full-fledged Maoism seems most unlikely. The sufferings of party officials and intellectuals during the Cultural Revolution, the economic stagnation under Mao and the rapid growth achieved...
...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...