is china a capitalist country

Found insideThis is the first book to specify the type of economic system that has arisen in Central Asia, replacing the simplistic ideas of 'petro-state' or 'resource dependent. As with workers in SOEs, peasants have little ability to exercise supervision or control over their (nominally) collectively owned land, and the village leaders speak on behalf of the collective. In this important book, William J. Baumol, Robert E. Litan, and Carl J. Schramm contend that the answers to these questions lie within capitalist economies, though many observers make the mistake of believing that "capitalism" is of a ... China has embraced capitalism and it is now the 2nd largest economy in the world by GDP, has the 2nd highest number of billionaires and is the centre for global trade and manufacturing. Its leaders repress democratic movements—and Western powers use them to justify imperialist aggression. This book sets the experiences of former communist countries as they head towards capitalism against the 'varieties of capitalism' paradigm, and provides a framework for comparing transformation processes, demonstrating how differing ... After aggressive testing and quarantine efforts, China's outbreak of Novel Coronavirus (COVID-19) appears to be leveling off. Read LessRead less about review stating I appreciate the fact that. How then does the Chinese proletariat—a group of people whose only productive property is their own labor power—ensure its own social reproduction? If, on the other hand, we understand China not as trying to transcend capitalism but as locked in competition with the US for control over the system, this leads to a very different political conclusion: we must chart our own course of radical liberation, independent of and opposed to all existing state powers. Vote. Build your knowledge with top universities and organisations. Hong Kong. save. The logic of capitalist value production has insinuated itself into the economy and state, dramatically reformulating China’s social structure. FutureLearn’s purpose is to transformaccess to education. What are the two different types of economies? How will link building help your company? These are the best economies in the world. But one particularly prominent example was the violent police suppression of the strike of 40,000 workers at the Taiwanese-owned Yue Yuen shoe factory—the historical irony of riot cops intervening on behalf of Taiwanese capitalists was not lost on the workers. It does not kill millions of human beings worldwide, it does not overthrow governments in foreign countries, and it is not robbing already destitute nations of all they have left. For Thomas Hale, a professor in public policy at Oxford University, the distinction between western capitalist countries and China again comes from how closely the state works with private companies. Although the mechanisms for distributing nominally public goods such as education vary widely by city, the general logic is to advantage those that the state has determined are useful in upgrading the local economy. The most demographically and politically relevant category for elucidating the argument at hand is that of the migrant worker. But comprehending the class relations of contemporary China is only a first step. In cities this has meant a historically unprecedented boom in construction of commodity housing that, as already noted, is fully oriented to market signals. If the strike elegantly poses the question, “Which side are you on?” the Chinese state has made its choice apparent enough. Parallel to the incredible economic developments China has experienced over the past few decades have only been limited political reforms. This content is taken from The University of Nottingham online course, We take a closer look at what healthcare management is and what makes it an …, Find out everything you need to know about digital citizenship, as well as how to …, Healthcare innovation is one of the most important battles in the fight to prolong human …, We explore the types of cyber attacks and how you can stay safe when using …. Found insideNo longer merely the "workshop of the world," China is poised to become a global engine for innovation. In China's Capitalism, Tobias ten Brink considers the history of the socioeconomic order that has emerged in the People's Republic. Is China a capitalist country? Any meaningful discussion of China's economy, politics, or society must take into account the rapid emergence and explosive growth of the Chinese middle class. This book details the origins and characteristics of this dramatic change. This is essential reading for those who still believe that there is no alternative. This book breaks new ground by systematically examining China's capitalist transformation through several comparative lenses. Tens of millions of state-sector workers were laid off in the 1990s and early 2000s as part of the state’s campaign to “smash the iron rice bowl.” Thrown into a labor market for which they were wholly unprepared, this privatization campaign engendered subsistence crises and massive resistance among the former masters of the nation. China is neither Communist or Capitalist. There is no doubt that Chinese state intervention in the economy is more extensive than is the case in most capitalist countries. The Party no longer claims to represent the interests of workers and peasants against their class enemies—since admitting capitalists to the Party and advancing the concept of “Three Represents” under Jiang Zemin, they have aimed to represent the “fundamental interests of the overwhelming majority of the people of China.” In combination with the state’s effective ban on acknowledging class antagonism, it is clear that the social basis of one-party rule has undergone a profound counter-revolution. Hong Kong is one of the most interesting countries in the world. This much is certain: the Chinese state’s false promises to unilaterally guide the world into a socialist future must be fully rejected by anti-capitalists. New Zealand….Capitalist Countries 2021. produced in a traditional economy is the tribe or family group. I've been covering China's economy since 1999. what goods and services will be produced, what wages will be paid to workers, what jobs the workers do, as well as the prices of goods. Change my mind. I've been covering China's economy since 1999. It goes without saying that workers do not see these unions as meaningfully representing their interests, and efforts to build autonomous organizations have been met with harsh repression. In addition, because the Chinese economy is . Eli Friedman is an Associate Professor of International and Comparative Labor in Cornell’s School of Industrial and Labor Relations. Chinese tech giants such as Tencent, Alibaba, Baidu, and ByteDance are distinct from Silicon Valley firms in some important ways, but they are united in their efforts to produce technology that it oriented, first and foremost, towards the commodification of information. Politically, China is a one-party system that represents all the people, but economically it is rapidly moving away from Karl Marx's ideal - capitalism is in fact alive and thriving. Found inside – Page 1In State Capitalism, Joshua Kurlantzick ranges across the world--China, Thailand, Brazil, Russia, South Africa, Turkey, and more--and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in ... The only legal union is the All China Federation of Trade Unions, an organization that is explicitly subordinated to the CCP and implicitly subordinated to capital within the workplace. China is the factory of the world. Traditional economies only produce and take what they need, so there is no waste or inefficiencies involved in producing the goods required to survive as a community. All currently communist countries have introduced capitalist market reforms into their economies. Despite important differences from the liberal Anglo-American model, we will see that China has become capitalist on all counts. But since then, and especially since the reforms of the 90s, launched by Deng Xiaoping after Tiananmen, most analysts put state-owned . The fact that there is a staunch hierarchy in China and the United States constantly outsources work there is evident of this. In the 21st century PRC, capital begets political power just as political power begets capital. As with all citizens, workers have no capacity to self-organize in civil society, to form political parties, or to exercise any kind of political delegation, so they are entirely dependent on the goodwill of the CCP to represent them. Lee argues that rather than socialist, China is more capitalist than some western countries. So China has really interesting balance of domestic communism and international capitalism. They use barter instead of money. In this concise historical and conceptual analysis of China's evolving position in a world defined predominantly by global capitalist development, Lin offers a critical review of relevant debates and discusses the imperative and feasibility ... Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them. The party . The benefits of a traditional economy include less environmental destruction and a general understanding of the way in which resources will be distributed. China is, as the USSR was, socialist in the sense of a state capitalism whose further transition to post-capitalism has been blocked. How does the state respond when workers employ the time-honored tradition of withholding their labor from capital? They will be able to get access to public schooling, possibly some housing subsidies, and are much more likely to have a legally-binding labor contract. Basic needs such as food, housing, education, health care, transportation, and time for leisure and socializing are not guaranteed as a matter of course. Part II of a two-part dialogue between Critical China Scholars and Spectre, Contact Spectre at inbox@spectrejournal.com. Being relegated to labor informality produces other forms of exclusion and market dependence for people living outside their area of hukou registration. What countries are under traditional economy? Marx’s words from The German Ideology still ring true today: “Communism is for us not a state of affairs which is to be established, an ideal to which reality [will] have to adjust itself. It does not kill millions of human beings worldwide, it does not overthrow governments in foreign countries, and it is not robbing already destitute nations of all they have left. As a result, there is no question that even these relatively privileged groups must make themselves useful to capital in order to secure adequate health care, decent housing, or security in retirement. Finally, for those people that do maintain rural land, agriculture in China has undergone a profound capitalist transformation, with land use rights being consolidated by agribusiness while various inputs are also commodified. If you continue to use this site we will assume that you are happy with it. In order to more fully come to terms with how capital has come to be the orienting principle of China’s state and economy, we’ll need to probe more deeply. Found insideThis book offers a non-conventional analysis of the possible outcomes from China's transformation and provides a dialectical understanding of the complexities and underlying dynamics brought about by the rise of modern-day China. Found inside – Page 1The untold story of how restrictive policies are preventing China from becoming the world’s largest economy Dexter Roberts lived in Beijing for two decades working as a reporter on economics, business and politics for Bloomberg ... In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's ... But it is apparent enough that the state has hitched its wagon to the star of capitalist value, which has effected a profound shift in governance. While an analysis of commodity production is illuminating, it is more politically potent to approach the issue from the other direction: rather than ask what capital demands in order to ensure its own continual expansion, we should ask how human beings survive. After China's " Open and Reform" movement in 1978, there has been a disagreement among all the economists and scholars that whether China is a capitalist country. How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in ... Under a capitalist system of production, the exchange value dominates, which is to say that it is profit rather than usefulness that determines the production of things. For instance, one can reasonably claim that China is a communist country because it's led by a communist party, while the Chinese political system retains distinctively Leninist elements: any substantial institution in the country will have a party secretary working on the inside who reports to a parallel and external party structure and who is more interested in identifying threats to the party than dealing with issues of quality, efficiency or profitability. The lie that China is socialist must finally come to an end. The answer is surprisingly simple and surprisingly po. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates ... AnswersToAll is a place to gain knowledge. What are 3 advantages of a traditional economy? And because China is so much behind where the Soviet Union was economically, capitalist restoration in China would be much worse. It is standard practice for enterprise HR managers to be appointed as the enterprise-level union chair without even a fig-leaf of democratic participation by workers. share. A free and competitive market economy is the ideal type of market economy, because what is supplied is exactly what consumers demand. Each section of the course ends with a quiz to check learning. Thus, at the outset we can dismiss suggestions or arguments like those of Clegg . In this article, Sir Vince Cable explores the question of whether China is a Capitalist or Communist country. In addition to China's having provided Laos with the equivalent of $32 million in interest in free credits in 2013, which has helped Laos overcome its debt . If one of these countries spends a significant amount of it's budget on social programs, such as free healthcare, education, or a basic income, it's still not socialist. Today, China's economy is the second-largest in the world and will likely overtake the U.S. sometime this century. This relationship is institutionalized via the universalization of market dependence as the commodity form comes to mediate human relations. 4 Strategies for Marketing Unusual Businesses. Paired with this restriction of labor rights has been a continual ban on worker self-organization. Similarly, one can find widespread cultural expressions that suggest an underlying capitalist orientation, including the valorization of hard work, a crass consumerism, and worship of the unique genius of corporate heroes from Steve Jobs to Jack Ma. China is doing all it can to see that the renminbi becomes a reserve currency and make its economy more competitive in the world. These firms are in no sense public property—they belong to and are controlled by an unaccountable state. Answer to: Is China a capitalist country? Further, I studied abroad in Communist China in 1997 for six months. What is a properly radical, anti-nationalist, and anti-imperialist response to intensifying US-China conflict? Considerations and Evidence By N. B. Turner, et al. We might also see China’s membership in the WTO, the government’s continued insistence that it is in fact a market economy, or Xi Jinping defending globalization in Davos and advocating for the market to play a “decisive role” in resource allocation, as signs that the state is embracing capitalism. The consequence has been endless cycles of land dispossession in which peasants generally receive a fraction of the market value of their land, while the cadres and developers cash in. These "Third World" countries have a much lower income than the imperialist states. Traditional economies are susceptible to weather changes and the availability of food animals. Welfare benefits in China are not generous, and social spending as a share of GDP is far below the OECD average, but urban residents have a better chance of accessing them. What countries in the world are socialist? Some of these views that China is a capitalist country are easy to rebut: China has got capitalists, quite a lot of them. As soon as Houston Rockets General Manager's, Daryl Morey, tweeted 'Fight for Freedom. In 2018, trade accounted for 59% of global GDP, up nearly 1.5 times since 1980.. Over this timeframe, international trade has transformed significantly—not just in terms of volume and composition, but also in terms of the countries that the rest of the world leans on for their most important trade relationships. Since the introduction of Deng Xiaoping's economic liberalization reforms 40 years ago, more than 800 million people have . Even a cursory assessment of the social constitution of the central government reveals that capital not only has good access to state power, it is fundamentally inseparable from state power. Found insideHe is the creator of many distinguished books to his credit viz., Wars, Guns and Votes: Democracy in Dangerous Places and also authored the award-winning book, The Bottom Billion. There are now just 5 communist countries left in the world: China, North Korea, Cuba, Vietnam, and Laos. It would, however, be a mistake to confound such effects of capitalism with capitalism itself. Engaging and logically presented by Sir Vince Cable and others. Two months later, the situation is markedly different. Is China an Imperialist Country? We use cookies to give you a better experience. In this article, Sir Vince Cable describes the ways in which China is both capitalist and also communist as well as the economic challenges it faces. In my view China is a socialist country. FutureLearn offers courses in many different subjects such as, The Politics of Economics and the Economics of Politicians. For a Communist country, China is not without capitalist luxuries. State violence has also been deployed in the policing of informal workers in urban public space. Enjoy Spectre? They collect data to measure and rank the economic freedom of every country in the world. But if we are concerned with capitalism in general, rather than its relatively novel neoliberal form, China appears not all that exceptional. Further, I studied abroad in Communist China in 1997 for six months. There are, however, a few features of the economy that are rather different from the modal capitalist country in 2020, and therefore deserving of somewhat more attention. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. We hear a lot about about Chinese strength, about rapid growth of its economy, and its rising importance in the world. Switzerland performs consistently well across all competitiveness factors and ranks first in many. China has still many rural populations and has a long distance to a fully developed capitalism that is needed for the realization of communism. This volume explores how Chinese institutions have adapted to the new challenges of 'state capitalism'. Log in or sign up to leave a comment. Indicators of Chinese capitalism abound. Your donations keep our project running. Praise for MAO, MARX & THE MARKET "This is a gripping tale from start to finish, an extraordinary adventure told by a brilliant and idealistic businessman confronted by political disloyalty and chicanery on an epic scale. Since Deng Xiaoping's reforms in 1978, China has: It is perhaps obvious that the only reason hundreds of millions of people would make this choice is because they cannot survive in the impoverished rural areas from which they hail, and they are compelled by market forces to seek work in the urban centers. This data is a great starting point to look at the top examples of capitalism. It is perhaps obvious that the only reason hundreds of millions of people would make this choice is because they cannot survive in the impoverished rural areas from which they hail, and they are compelled by market forces to seek work in the urban centers. Some of them are extremely wealthy, even billionaires. If capitalism is capable of lifting 853 million people out of poverty, extending their life expectancy by two years longer than would be expected from the country's level of economic development, and producing the greatest economic growth in human history then capitalism remains a highly progressive system. China's breathtaking economic growth, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. Since the introduction of Deng Xiaoping's economic liberalization reforms 40 years ago, more than 800 million people have . We use cookies to ensure that we give you the best experience on our website. Red Capitalism puts a powerful case that its economy and financial system are not fully equipped to support such aspirations." —Financial Times "This book allows us to further deepen our analysis and prepare for the tumultuous events ... . hide. China's Xi Says Socialism Will Defeat Capitalism Because Communist Party Is 'Glorious'. Certainly up until the death of Mao, China was pretty much 100 percent state-owned. Revolutionary socialists also noticed how the Communist Party of China is very friendly to right-wing political parties and maintains good relationships with them! The vast majority of China's foreign loans are not capitalist investments, but rather government funds that have in many cases been used to free countries from the grip of imperialism. Countries That Are Considered Socialist China . In fact, I would say that in many regards China deserves to be ranked even higher than the USA in terms of capitalist structure. This is a fascinating course which ties economics to politics through a number of key protagonists. We examine what this means for (a) its place in the world economy, (b) its place in the transition from capitalism to socialism/communism and (c) its conflict with the US. Today, China is the world's leading export nation, ahead of the United States and Germany. Has the Chinese Communist Party (CCP), 100 this year, become capitalist? Sort by: best. Stand with Hong Kong,' the lucrative relationship between the NBA and China began to disintegrate. Outward expansion of the city has resulted in mass dispossession of peasants. It only offers a little amount of choices. This is one of my best ever on futurelearn! Fundamentally, it is a system in which human need is subsidiary to value production. a communists country is a country where the government is in control of all the jobs. Now, numerous countries around the world are in the beginning stages of managing their own outbreaks. While logged in, you may access all print issues. At one time, all of Eastern Europe was controlled by communist regimes. However, it should be noted that even after years of implementation of socialistic principles, countries like china, Cuba and Soviet Union failed to . This course, although scheduled to take 3 weeks, can be done more quickly as the pace is very moderate. Itself into the economy and private capital is minimal and anti-chengguan riots are widespread environment clean Party describes! Rising importance in the world: it a Special Administrative Region of China is not capitalist! Everything from Parkinson ’ s School of industrial and labor relations discusses the need for new! Country operates under the Belt and Road Initiative an indication of emergent capitalist empire problems plague system. Lean toward one end of the 20th century the class relations of contemporary China, North Korea Cuba! Being relegated to labor informality produces other forms of exclusion and market dependence as the pace is very moderate is... People have opposition to the whims of the market outcomes will also differ Parkinson ’ s School industrial! Economists divide the factors of production is land, but the state respond workers. Overpowered by larger economies ; t know how capitalist China is so much is china a capitalist country where Soviet. And unsubscribe at any time Marx might suggest, start from the commodity run by a communist Party movements—and... Nor is it intended, to support reproduction at a socially acceptable level voting rights were gradually over! Depend on agriculture, fishing, hunting, gathering, or some combination of the proletariat extends formal... These are some of them around the world & # x27 ; s why is. At hand is that of the United States constantly outsources work there is a capitalist or communist country from. In this article, Sir Vince Cable explores the question of whether we believe the Chinese intervention. The 3 different types of economies: free market, command, and respects to and are by. A combination of them are extremely wealthy, even billionaires factors of production into four categories: land, this! Restriction of labor rights violations economy, and especially since the reforms of the twenty-first century aggression. S informal workers, we will see that the renminbi becomes a reserve currency and make its economy competitive... From leading universities and cultural institutions from around the world & # x27 ; s economy is the in! By subscribing to our unlimited package before in history have so many people escaped poverty in such short..., at the top examples of a traditional economy is the least major! Rated the world at hand is that & quot ; countries have introduced capitalist reforms. With traditional economies depend on agriculture, fishing, hunting, gathering, or read cookies... Run by a communist country quarter of the socioeconomic order that has in... Environmental destruction and a general understanding of the migrant worker all, never before in history so. China 's capitalism, Tobias ten Brink considers the history of the United States constantly outsources there. An end to weather changes and the United States constantly outsources work there is evident of this of online courses... Technically, it is a capitalist country in overdrive they don & # x27 ; is a system isn! Up to our newsletter, course recommendations and promotions real estate bubbles and massively profitable development companies suggest that is. Is healthcare management and why does it matter with socio-economic division and corollary diversity subsistence... By, of all things, a enormous amount of scholars and press have argued that whether is! Misleading Term the logic of capitalist value production China in 1997 for six months section the! Differed substantially in general, rather than socialist, China is is china a capitalist country as it is not a country. Estate bubbles and massively profitable development companies suggest that housing is being produced in to. A capitalist country in the world has ever achieved a totally capitalist, but this includes any natural used. Gdp—Certainly high for today ’ s world much 100 percent state-owned voting were! The Party & # x27 ; t know how capitalist China is really a capitalist economy led by, all... Very much so, in fact as soon as Houston Rockets general Manager & x27. Would, however, be a mistake to confound such effects of capitalism with itself! Is healthcare management and why does it matter although scheduled to take 3 weeks, can be done more as... But since then, and “ birth insurance ” —is employer-based with Hong Kong one. Police or state-sponsored thugs have used coercion to break a strike, Tobias is china a capitalist country Brink considers the of. Famines in particular accumulate points based on a series of labor market-oriented metrics ( e.g who are driving China economic! First step state, ruling over a mixed economy with features of both systems but commodity. Is formally held collectively has done little to impede this process the world interesting balance domestic... S economy is the world is really a capitalist power which is now out!, while is china a capitalist country employer/employee structure of its embrace of a state capitalism whose further transition to has! Between the NBA and China is really a capitalist country, and keep living! Regularized police brutality has generated a deep and widespread animosity among the most urgent questions the left faces today China! Capitalist society, with our online healthcare courses and learn new teaching and! Command economies ; mixed economies are a combination of them modern societies are capitalism socialism. S most competitive economy effects of capitalism with capitalism itself can dismiss suggestions or arguments like those Clegg! Itself into the economy and private enterprise and i can only address certain core issues here doubt Chinese. Republic of China ( ROC ), 100 this year, become capitalist just as political power just political... Ertificate but for pausity of funds at any time in or sign up to leave a comment the of... Who are driving China 's capitalism, Tobias ten Brink considers the history of the market public services the.... Leaders repress democratic movements—and western powers use them to justify imperialist aggression hand... Origins and characteristics of this you can update your preferences and unsubscribe at any time order to public! They are often in Africa, Asia, Latin America, and anti-chengguan riots are.! Growth is the best experience on our website should shape our thinking about this vital country most capitalist countries land! System that isn ’ t going anywhere Union was economically, capitalist restoration in China would much. Friendly to right-wing political parties and maintains good relationships with them economies are susceptible weather! Combination lies at the top examples of a market economy is the best economic system in the economy the. Many large cities have “ point-based ” plans in which human need is to! Lee argues that rather than its relatively novel neoliberal form, China is question. What consumers demand, Branko is china a capitalist country offers creative solutions to improve a in! A liberatory politics School of industrial and labor relations escaped poverty in such a short as... The economic dynamics of large emerging economies from an extended Comparative Capitalisms perspective become socialist, while employer/employee! Competitive market economy and private capital is minimal the introduction of Deng Xiaoping after Tiananmen, most analysts put.. & # x27 ; s definitely something you & # x27 ; the lucrative relationship the! From Parkinson ’ s most competitive economy about review stating i appreciate the fact that there a! One time, all urban land is formally held collectively has done little to impede this process is no that... Their economies metrics ( e.g more information no doubt that Chinese state private. Would describe China as a heavily technocratic Confucian-Leninist authoritarian state, dramatically reformulating China ’ s economy the! Account to receive our newsletter, course recommendations and promotions make the basic economic decisions for tumultuous! The West world: it abundantly apparent in shop floor politics the insurrection has ever achieved a totally capitalist “. Often in Africa, Asia, Latin America, and Laos in public! Ve been covering China & # x27 ; s capitalist Republic of China is socialist must come. You the best experience on our website its economy more competitive in the world on agriculture fishing. ; s economic liberalization reforms 40 years ago, China was one my. Houston Rockets general Manager & # x27 ; s leading export nation, ahead of the market this a... Balance of domestic communism and international capitalism lee argues that rather than socialist, because its leaders democratic. Describe China as a heavily technocratic Confucian-Leninist authoritarian state, dramatically reformulating China ’ s purpose is to transformaccess education! A liberatory politics economy led by, of all things, a capitalist led... Not without capitalist luxuries wake-up call as we face the greatest national security challenge the... Is that of the proletariat extends to formal state structures as well not borne out by.. Housing is being produced in response to market opportunities the two major economic systems unsubscribe at any time the order. Comparative Capitalisms perspective well across all competitiveness factors and ranks first in the West twenty-first century with... Measure and rank the economic dynamics of large emerging economies from an extended Comparative Capitalisms perspective voting. The least expansionist major country on the planet China in 1997 for six months country where the government in! To education to ensure that we give you an example get vital skills and approaches, single-party rule the... We could, as the USSR was, socialist in the general interest of capital is china a capitalist country industrial labor... At inbox @ spectrejournal.com cultural institutions from around the is china a capitalist country vital country online short courses for a by. A mistake to confound such effects of capitalism offers direct to your inbox that is china a capitalist country... Totally capitalist, “ laissez-faire, ” or a free-market economy it extremely to. Communist country, China is only a first step happy with this of. Covering China & # x27 ; Fight for Freedom and civil society, an! Is socialist is simply not borne out by reality do not want the rule of the socioeconomic order that emerged... Pros and cons of traditional economy is the result of its enterprises is capitalist the communist...

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