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This page shows the changes between two versions of a post by Wisconcom in the topic "Market "Socialism" is Capitalism" on Talk:Socialist market economy.
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If I am understand what you said correctly, you are false. Socialism does not refer to some abstract idea of "Making peoples' lives better". Socialism is an economic mode of production, with a clear definition, not idealistic utopia as you seem to be claim it is. | If I am understand what you said correctly, you are false. Socialism does not refer to some abstract idea of "Making peoples' lives better". Socialism is an economic mode of production, with a clear definition, not idealistic utopia as you seem to be claim it is. | ||
Nations such as the Union of Soviet Socialist Republic, the German Democratic Republic, the People's Socialist Republic of Albania, and many others, have been able to almost totally remove private ownership of the means of production within a small amont of decades. The People's Republic of China has not done any of this, Deng and his successors turned the majority of the Chinese economy into private, often Western hands. By a Marxist definition, the People's Republic of China is Capitalist, more particularly, State-Capitalist, its economy being largely in the hands of the bourgeoisie. | |||