Well, for starters, I have an introductory Marxist reading list linked on my profile if you want to take a look, or you can get there from here. No need to do so, just if you want to learn more for your own personal knowledge.
As for your question, an emphatic and wholehearted YES! You nailed it, Marxists believe at lower levels of development markets are faster at developing, but that eventually public ownership and planning becomes more efficient. The PRC does this, it increases state ownership incrementally and graduallly, without risking Capital Flight. It’s a “boiling the frog” approach, and it’s necessary because it keeps the PRC integrated with the world economy and rapidly developing alongside it, as it sees the USSR’s isolation as a key aspect of its downfall.
Well, for starters, I have an introductory Marxist reading list linked on my profile if you want to take a look, or you can get there from here. No need to do so, just if you want to learn more for your own personal knowledge.
As for your question, an emphatic and wholehearted YES! You nailed it, Marxists believe at lower levels of development markets are faster at developing, but that eventually public ownership and planning becomes more efficient. The PRC does this, it increases state ownership incrementally and graduallly, without risking Capital Flight. It’s a “boiling the frog” approach, and it’s necessary because it keeps the PRC integrated with the world economy and rapidly developing alongside it, as it sees the USSR’s isolation as a key aspect of its downfall.
This is an interesting reframing of my understanding of the situation. I appreciate you replying; I’m going to process this for a bit.
No worries! Feel free to ask any questions or dig in for yourself elsewhere.