The Profit Category and Socialist Business Management

Zhou Shulian, Jinglian Wu and Wang Haibo
Authors registered in the RePEc Author Service: jeongwen Chiang

Chinese Economy, 1980, vol. 14, issue 2, 3-4

Abstract: During the decade when Lin Eiao and the "Gang of Four" went on a rampage, the anti-Party clique, chanting "the most revolutionary" slogans but committing the most reactionary crimes, brought great catastrophe to the state and the nation. Among their countless crimes, the greatest was their destruction of our economy, capital construction, technological innovation, and economic management, pushing our national economy to the edge of bankruptcy. All this was done under the pretext of opposing "the theory that the production forces alone determine everything," "material incentives," "putting profit in command," etc. Now the nightmare is over. The sun shines once again over the magnificent land of 9.6 million square kilometers, and the 900 million people are marching boldly in high spirits on the broad road of socialist modernization. In the march forward, however, they have to overcome numerous hardships and difficulties. One of the gravest obstacles is the semifeudal and semicolonial mentality and the backward ancient traditions and customs that are deeply embedded in the ideology of Lin Biao and the "Gang of Four." We should, therefore, fully expose their negative example and sweep away the remnants of the semifeudal and semicolonial mentality of old China, thus paving the way for the march forward toward the four modernizations and a powerful socialist state.

Date: 1980
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