Command Socialism
Rittenberg & Tregarthen(2009) states that “the core principle of command socialism come from the underlying concept of social man. The socialism is system believes that Capitalism is based on the self-interest of human and this is contrasted with characteristics humans begins.”(p.492, para 2). The communism or command socialism comprises of four major components of “propaganda, political arm, planning agency, and managers,”(Rittenberg & Tregarthen 2009, p.492, para 2). In this system the ownership is nonexistent and how much of what should produce and at what price should be sold all comes from planning agency. The command socialism somehow eliminates all incentives for talented people to develop an idea and run with it which ultimately themselves and humanity could be benefited from their innovative creations.
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Major issues with some of the failed transitional plans were the way they were implemented or radicalized at some stage when they were in progress. Typically transitions focused on four factors and as Rittenberg & Tregarthen(2009) outlines, they are.” Property Rights, Banking, Inflation, and Ideology.”(p 496-497) Chinese transition began right after Mao’s death led by Deng Xiaoping. Mao pulled a few stunts to revitalize Chinese economy, but they all turned to a disaster. So the path was somehow obvious that China should go down the road of the market economy. What China did was to change its approach on four factors of transition which they did it to some extent except the ideology which is still persistent in Chinese political
Major issues with some of the failed transitional plans were the way they were implemented or radicalized at some stage when they were in progress. Typically transitions focused on four factors and as Rittenberg & Tregarthen(2009) outlines, they are.” Property Rights, Banking, Inflation, and Ideology.”(p 496-497) Chinese transition began right after Mao’s death led by Deng Xiaoping. Mao pulled a few stunts to revitalize Chinese economy, but they all turned to a disaster. So the path was somehow obvious that China should go down the road of the market economy. What China did was to change its approach on four factors of transition which they did it to some extent except the ideology which is still persistent in Chinese political