The Privately Run Economy Is Not the Foundation of the Socialist Economy

Tan Jingsong

Chinese Economy, 1998, vol. 31, issue 1, 48-54

Abstract: We have always claimed that the system of public ownership is the foundation of the socialist economy; well, then, can we also claim that the privately run economy makes up a part of the foundation of a socialist economy, given that the privately run economic sector also makes contributions to the growth of the national economy, also arranges for and creates jobs for large numbers of the employed, and furthermore, also pays taxes to the state, as required by the law? (>i>Jingji zongheng [The Length and Breadth of the Economy]>/i>, no. 3, 1996, p. 7)

Date: 1998
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