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How Did Deng Xiaoping Justify the Introduction of Capitalism Into a Socialist State - Essay Example

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Instructor Date How did Deng Xiaoping justify the introduction of capitalism into a socialist state? After the demise of the then leader Mao Zedong, Deng Xiaoping took over power. At that time Xiaoping was leader of the Communist Party (CCP). During his tenure, he endeavored to make a lot of changes in the economy of China that was characterized by a lot of inequalities in terms of service provision and acquisition…
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How Did Deng Xiaoping Justify the Introduction of Capitalism Into a Socialist State
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Download file to see previous pages In this case, he advocated for the introduction of market reforms though the future of these plans had already sparked a lot of negative signs prior to its introduction. From a closer scrutiny of the Xiaoping’s approach to the entire situation, it can be argued that he was not well motivated to steer the entire program to its completion. However, it is important to note that the leader was much more concerned with making the process work despite the negatives. Deng Xiaoping justified the introduction of capitalism into a socialist state by virtue that the peasants had spent a great deal of their time saving the amounts of produce produced to themselves as opposed to selling them to the free market. In the opinion of Deng Xiaoping, the entire would be better off if they handled both the profits and losses from their businesses. If collective responsibility would be adopted in the society, Deng Xiaoping believed that the entire country would be more productive for the reason that all persons would be careful not to incur any form of losses, as compared to shared profits and losses. The same case would apply for the industrial sector; in that if the factories incurred losses, they would find their own way of dealing with the blunders made. In this view point, Xiaoping’s need to come up with policies of capitalism in this socialist state was to awaken the aura of responsibility among its citizens. On another point of view, Xiaoping aimed at creating a conducive environment for the investors to come into the country. Though a lot of profits went to hands of a few persons, Xiaoping was contented with the fact that the country was undergoing a form of awakening from the fact that profits and losses were not collectively shared, but all investors whether the rich and the poor had to make all initiatives to deal with the current tough economic drawback. In turn, the society resulted into a mass of hardworking persons, all with the aim of pulling their own efforts together for their success. It can debatably be indicated that the validation of the overture of capitalism into a socialist China regime can be accredited to the fact that Xiaoping was looking for a lifelong resolution to the depression that was being experienced in the country. Xiaoping was certainly setting a ground for capitalism roots, through the move faced a lot of critics. In my standpoint, I am of the outlook that this aspect has a lot to contribute to the transition of the country from free enterprise to socialism. The prospects of privatization, in his opinion would create a new aura in the citizens who would be keen in all endeavors they make in terms of economic developments and investors. It cannot be ignored that the leader was not bound to stop at anything, an explanation of the fact that he named his policy, socialist market economy, which clearly was inclusive of capitalist policies despite the title. In your opinion, to what extent had these pro-market approaches affected CCP's capacity to control the Chinese society? In an attempt to deal with all these changes that were taking place in the country, CCP's capacity to ...Download file to see next pagesRead More
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