System is key to China's rapid development: Iraqi communist party leader

beijingwalker

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System is key to China's rapid development: Iraqi communist party leader
The Communist Party of China and the Chinese people have drawn a path towards socialism, Raed Fahmi, secretary of Central Committee of Iraqi Communist Party, said, adding that one major factor behind China's rapid growth is the system.

 

Ayrtonite

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China's rapid rise is truly a historical event unlike any other. However, I disagree that the economic school of socialism is what allowed China to catch up with the world. It was the inherent authoritarianism that socialism offers that allowed the CCP to experiment with capitalistic ideas and eventually adopt them. We can also look to South Korea and Taiwan for examples of formerly poor agrarian societies transforming into modern economic powerhouses under authoritarian rule.
 

Tabmachine

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China's rapid rise is truly a historical event unlike any other. However, I disagree that the economic school of socialism is what allowed China to catch up with the world. It was the inherent authoritarianism that socialism offers that allowed the CCP to experiment with capitalistic ideas and eventually adopt them. We can also look to South Korea and Taiwan for examples of formerly poor agrarian societies transforming into modern economic powerhouses under authoritarian rule.
Agreed. One thing that is often overlooked is that the initial 5 year plans in the soviet union were very successful and the development of heavy industry was rapid.
 

Ayrtonite

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Agreed. One thing that is often overlooked is that the initial 5 year plans in the soviet union were very successful and the development of heavy industry was rapid.
The Soviet Union's transition to an industrialized nation was a lot more "rough" than China's but hey they got there
 
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