Gotcha! In that case, I recommend studying what I linked. I also recommend this conversation I had with someone about a week ago regarding the subject of “Dengism.” In short, Reform and Opening Up was a response to the Gang of Four’s dogmatism in nationalizing even the small proprietors. Deng Xiaping Theory opened up non-critical, underdeveloped sectors to partial foreign investment, offering cheap labor in exchange for technological transfer while retaining full public ownership of the commanding heights of industry. The effect of this in the long-run is the PRC of today.
Gotcha! In that case, I recommend studying what I linked. I also recommend this conversation I had with someone about a week ago regarding the subject of “Dengism.” In short, Reform and Opening Up was a response to the Gang of Four’s dogmatism in nationalizing even the small proprietors. Deng Xiaping Theory opened up non-critical, underdeveloped sectors to partial foreign investment, offering cheap labor in exchange for technological transfer while retaining full public ownership of the commanding heights of industry. The effect of this in the long-run is the PRC of today.
Thank you! I really appreciate the input :D
No problem!