On the Three Stages in the Development of Socialism (Cheng Enfu)

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TABLE 1. Core Elements of Capitalism, Socialism (Primary, Intermediate, and Advanced Stages), and Communism
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.

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