Sentences with phrase «on socialist economy»

Beijing wrapped up a meeting of top Communist Party economic leaders Wednesday by endorsing a document entitled «Xi Jinping Thought on Socialist Economy with Chinese Characteristics.»

Not exact matches

Otherwise ardent free market capitalists, they remain strangely convinced that China's socialist brain trust is capable of correctly pulling all the levers of its massive economy to keep it on a path to prosperity.

At the same time, Ludwig von Mises published an article in 1920 called «Economic Calculation in the Socialist Society» and a 1922 book, Socialism: An Economic and Sociological Analysis, arguing that comprehensive central planning of the economy would be disastrous because central planners lacked market prices and market institutions to inform their actions, hence they would waste resources on a vast and even fatal scale.

This is not capitalism, not the natural economy, but «manipulated socialist policy» designed to subsidize the banks with artificially low cost of funds (pay nothing to savers) to cover losses on Mortgage Defaults.

In this particular instance it is not very difficult to imagine scenarios in the not - too - distant future in which there might occur resurgences of socialist policies and ideals: the failure of neo-capitalist regimes in developing societies and / or the formerly Communist countries in Europe to achieve economic take - off; the insight granted to sundry dictators and despots that, while socialism invariably immiserates the masses, it is a very good recipe for enriching those who claim to hold power as the vanguard of the masses; the «creeping socialism» (still an aptly descriptive term) brought on by massive government intervention in the economy in the name of some societal good, e.g., there could be an environmentalist road to socialism, or a feminist one, or one constructed (perhaps inadvertently) with some other building blocks of politically managed regulations and entitlements; or, last but not least, the actual restoration of socialism, by coup or by voting, in a number of countries, beginning with Russia.

It therefore makes sense that nations, such as Cuba and Venezuela, that have a socialist economy rely more heavily on price controls.

Kwame Nkrumah did run Ghana's economy on socialist / communist theory that did drive Ghana into unfathomable problems.

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