An Analysis of the Development of China's Planned Economy and the Tortuous Course it has Trudged

In capitalist society, factory production is carried out in a planned way and in proper proportions. But owing to the antagonistic contradictions inherited in capitalist private ownership, overall social production cannot proceed in a planned way and invariably leads to anarchy.>sup>1>/sup> When the means of production are socialized and contradictions between social production and capitalist ownership are removed, anarchy will be removed from socialist production and will be replaced by a "planned and consciously organized production.">sup>2>/sup> While we may have reached a consensus on the socialist system of ownership of the means of production by all the people, we have not come to complete agreement on the question of whether, at the present stage of an underdeveloped economy, we should develop our economy in a planned way and through balanced growth of different sectors of economy. Some people even doubt whether a mixed economy possesses the superiority of a socialist system. In the following pages, we will examine this issue in light of the economic record of the last thirty years.