Category: China
Capitalist Communism – The Oxymoronic Growth of China
CCP. Chinese Communist Party. It’s a rather frank name, leaving little to the imagination. Since 1949, China has been a communist state, born out of the socialist revolution. Yet surprisingly, many would argue that today, China’s economy is an exemplification of capitalism and ironically demonstrative of a successful capitalist state. This article aims to break down the history of China’s economic growth in a simplistic manner to economics newcomers, and then discuss this growth model’s adherence to communism.
