Socialist or Capitalist: What is China’s Model, Exactly? – CounterPunch.org

Near the end of his life Lenin gave a speech that referred to the USSR as a transitional society. He explained that socialists had taken state power and could thereby take the post-revolutionary economy—which he labeled “state capitalism”—further. The socialists’ state could achieve transition to a genuinely post-capitalist economy. He never spelled out exactly what More

Source: Socialist or Capitalist: What is China’s Model, Exactly? – CounterPunch.org

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