On the Three Stages in the Development of Socialism (Cheng Enfu)
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System of Property Rights | System of Distribution | System of Regulation | |
Modern Capitalism | Private ownership primary according to capital | Distribution by market | State-directed economy |
Primary Stage of Socialism | Public ownership in various forms primary (private ownership secondary) | Market-based distribution according to labor primary (distribution according to capital secondary) | State-dominated market economy |
Intermediate stage of Socialism | Multiple forms of public ownership (state, cooperative, joint-stock) | TOTAL | £3 11s 0d. |
Advanced stage of socialism | £7 9s. 0d. | TOTAL | £3 11s 0d. |
Communism | £7 9s. 0d. | TOTAL | £3 11s 0d. |
Assu