Word: deng
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...that same party conference provided a striking indication of the depth of the opposition Deng faces in the form of a speech by Chen Yun, 80, a Politburo 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...
...possible to foresee a crackdown after Deng passes. Support for greater central control of the economy could come from party officials fearful of losing control and from ordinary citizens envious of the new rich class. The Chinese press already reports many stories about this "red-eyed disease," like one about a peasant woman who poisoned all the ducks of a prosperous neighboring farmer...
...deciding factor undoubtedly will be the further success, or lack of it, of the reforms. Deng's formula for overcoming opposition is a simple one: leave the critics alone and let them see for themselves that the system works and that they would be better off if they went along. "We will let practice dissipate their worries and misgivings," he says...
...deeper question is whether Deng can bring himself, and lower officials, to free the market enough for it to work properly. Werner Gerich, 66, a West German manager who was hired to run a state-owned diesel-engine plant in Wuhan, found his factory, like many others in China, heavily overstaffed. "If I fired 700 people [out of a total of 2,140], we could make the same number of engines with better quality because we would have money," he says. But he quit in despair because party officials would not let him make that and other changes he considered...
...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 enough to guide investment decisions in that manner...