The Case of E Group Corporation—an SOE in Sichuan, Post-1949
Shan Shanne Huang ()
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Shan Shanne Huang: United Nations Development Programme
Chapter Chapter 3 in The Political Economy of Reforms and the Remaking of the Proletarian Class in China, 1980s–2010s, 2023, pp 79-109 from Palgrave Macmillan
Abstract:
Abstract This chapter selects an SOE (E Group Corporation) to show how communism was created artificially in a farming province, Sichuan. It first traces back the creation of a privileged SOE under Maoism in the beginning of China’s pursued for communism. Secondly, it reviews the failure of a system copied from the Soviet Union in terms of economic efficiency. Thirdly, such a problem became the prime reason for the post-Mao economic reforms. However, efficiency improvement led to unintended consequences including the decline of the social status for Mao’s workforce from an ex ante privileged position to a lower status.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-031-20455-5_3
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DOI: 10.1007/978-3-031-20455-5_3
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