The economic history of Chinese Marxist Communism is a little bit different that of the Soviet Union. Under the rule of Chinese Revolutionary leader, Mao Zedong, the Chinese created a policy of openly opposing capitalism. This contrasted with the Soviet position, under Nikita Khrushchev, which was that Marxist Communism should co-exist with capitalism. The Chinese fought the United States and other capitalist nations in the Korean War and decided to reject relations with the United States. This was until the warming of relations between the United States and China during the 1970s and the death of Mao Zedong in 1976. Eventually, in 1979 China decided to reform its economy and become more open to global trade. The Soviets meanwhile decided
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I think the answer is no. First you must look at the differences between the history of Chinese Marxism and what Karl Marx believed. Karl Marx described the Communist Revolution in the Communist Manifesto as:
At first it is a struggle of individual workers; then of the workers in one factory; then of the workers of the same trade in one locality against the capitalist who directly exploits them. They do not direct their attacks against the bourgeois mode of production, they direct them against the instruments of production themselves; they destroy foreign competing wares, they break the machines, set fire to factories; they seek to restore by forces the lost position of the worker of the Middle Ages …show more content…
The Chinese Revolution was not fought by urban laborers who wanted to take down the capitalist machine. Rather, The Chinese Revolution was led by rural peasant farmers who wanted to reject Chinese leadership. Another difference between Marx and China is on the issue of inequality. Karl Marx preached equality, but equality is not happening in China. If you look at the Gini Index, which measures inequality in nations and where zero equals perfect equality and one equals perfect inequality, China has a coefficient of 0.44 while the United States has a coefficient of 0.45. This means China has nearly the same level of inequality as seen in the capitalist United States. In the United States we complain about inequality, but China has the same problem too. Karl Marx would scoff at the notion that a Marxist nation could have such discrepancy between rich and poor. Additionally, working conditions for many laborers are terrible. Marx prioritized the working class but sweat shops and child labor is prevalent in China. Another aspect that may prove Marx wrong is that we are not entirely sure China will continue with their success. Many economic commentators are speculating about a Chinese economic collapse. While other economists are suggesting that China is growing in spite of Marxist communist, not because of it. Also, China, because of its trade with capitalist countries, has grown increasingly
I think the answer is no. First you must look at the differences between the history of Chinese Marxism and what Karl Marx believed. Karl Marx described the Communist Revolution in the Communist Manifesto as:
At first it is a struggle of individual workers; then of the workers in one factory; then of the workers of the same trade in one locality against the capitalist who directly exploits them. They do not direct their attacks against the bourgeois mode of production, they direct them against the instruments of production themselves; they destroy foreign competing wares, they break the machines, set fire to factories; they seek to restore by forces the lost position of the worker of the Middle Ages …show more content…
The Chinese Revolution was not fought by urban laborers who wanted to take down the capitalist machine. Rather, The Chinese Revolution was led by rural peasant farmers who wanted to reject Chinese leadership. Another difference between Marx and China is on the issue of inequality. Karl Marx preached equality, but equality is not happening in China. If you look at the Gini Index, which measures inequality in nations and where zero equals perfect equality and one equals perfect inequality, China has a coefficient of 0.44 while the United States has a coefficient of 0.45. This means China has nearly the same level of inequality as seen in the capitalist United States. In the United States we complain about inequality, but China has the same problem too. Karl Marx would scoff at the notion that a Marxist nation could have such discrepancy between rich and poor. Additionally, working conditions for many laborers are terrible. Marx prioritized the working class but sweat shops and child labor is prevalent in China. Another aspect that may prove Marx wrong is that we are not entirely sure China will continue with their success. Many economic commentators are speculating about a Chinese economic collapse. While other economists are suggesting that China is growing in spite of Marxist communist, not because of it. Also, China, because of its trade with capitalist countries, has grown increasingly