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9 years, 3 months ago

the economic crisis of 1988

Under the new leadership and its bureaucratically minimalist conception of ‘political reform’, a fast track was given to a bankruptcy law and a series of regulations to reduce the economic burden on SOEs by changing life-time job security in a planned economy to contract employment in a labour mark…

—p.27 New Left Review 91 The CCP's Success Story? (5) by Chaohua Wang
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9 years, 3 months ago

morass

The change also left rural land ownership in a morass.

—p.25 The CCP's Success Story? (5) by Chaohua Wang
notable
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9 years, 3 months ago

usufruct

Socialist democracy, or people’s democracy, means that all of the people, enjoying various forms of ownership and usufruct of the means of production, have the overriding right to administer the state.

quoting Hua Guofeng

—p.20 The CCP's Success Story? (5) missing author
uncertain
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9 years, 3 months ago

this was never presented as a revolt against socialism

We have seen that the primary force driving the changes after Mao’s death was a reaction against the Cultural Revolution. Yet this was never presented as a revolt against socialism. In both official discourse and popular understanding, the Cultural Revolution was treated as socialism gone wrong. Ec…

—p.19 The CCP's Success Story? (5) by Chaohua Wang
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9 years, 3 months ago

realpolitik

The report was primarily a product of internal realpolitik, blocking any real critical reflection on Mao’s record or that of the party under him.

—p.18 The CCP's Success Story? (5) by Chaohua Wang
notable