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Chapter 1. A Socialist Free Lunch

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  • He Qinglian

Abstract

Since the advent in 1978 of economic reform in China, the essence of the ongoing transition from a planned to a market economy has been a redistribution of social capital and a readjustment of various interest relationships. Throughout this process, what I term the "marketization of power" (>i>quanli de shichanghua>/i>) has played a crucial role in producing one of the most striking characteristics of this reform: from its beginning to its completion over the past dozen years in contemporary China, we have witnessed the primitive accumulation of capital. Of short duration, this rapid accumulation of great amounts of capital and wealth is quite unprecedented.

Suggested Citation

  • He Qinglian, 2000. "Chapter 1. A Socialist Free Lunch," Chinese Economy, Taylor & Francis Journals, vol. 33(3), pages 32-56, May.
    • Handle: RePEc:mes:chinec:v:33:y:2000:i:3:p:32-56
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