Don\’t Underestimate Our Competitor - China
In my book, RETURN TO THE MIDDLE KINGDOM, the heading of the 7th chapter is: Blending Confucius, Lincoln, and Marx, in which I explain what kind of society that Sun Yatsen, with the assistance of Eugene Chen, tried to create. It would be a harmonious society (Confucian conception summed up in the ancient classic, BOOK OF RITES) in which there would be “a government of the people, by the people, and for the people” (Lincoln), and there would be no inequalities of wealth (Marx). Of course they need cash to realize their vision. Where would the money come frome They would use trade to earn it from the West to build a “socialism with limited capitalism.” This is the prototype of the “socialism with Chinese characteristics,” coined by the Communist Party after they decided to switch Marx economy to marketing economy in late 1970s.
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