Deng Xiaoping probably has one of the best models of intra-national economic development I’ve personally seen. Yes, he cracked down on all those students in Tiananmen Square. But his dialogue with the local levels of social organization, the incentivization of growth for local businesses and Party cadres, and the insurance that most capital ended up in the state controlled central bank, where it could be reinvested into business ventures at the public’s profit not only worked, but it worked very well within the context of Chinese political and social culture.
At the root of Deng’s success, I think, is an ideological commitment to pragmatism and practical action to improve the lot of the public through demonstrated best practices derived from a controlled competition over what works and what doesn’t work. People who had winning models win out and are replicated and scaled appropriately up, while those who failed to turn a profit were let go from loans and investment.
In China, all that is needed now, is for the government of China to check the greed that is in excess of what the rich need to be wealthy, such that all people can be wealthy and happy. Deng said that a few would get rich quick, with everyone else catching up afterward. The few have gotten rich, but the rest have been effectively left behind, as the wealth becomes stagnant and constantly accumulated in the upper echelons of society. It may be getting to be that time that the Communist Party of China make an effective transition to Market Socialism, where everyone can participate in the economy and have the time and wealth to do so. After all, there is only so much wealth that one can have before they’re unable to spend it within their lifetimes.
As for America, we have the freedom to compete for working models. However, we do not have a necessary check on what is effectively personal or corporate excess, and we need to strengthen our regulatory oversight for quality control of the products that we produce. We also need to economically penalize companies who move their factory labor out of our country, rather than rewarding them.
In the end, we need to transition to a system that focuses on human well being, health, and quality of life rather than on the amount of financial profit that an individual can earn through self-destructive behaviors. Those who would take a marginal gain in profit over having clean drinking water should be considered mentally ill and treated as the dangers to self and dangers to others that they are. Money is important to ensuring quality of life. Being wealthy enables many health benefits that poorer people don’t have. Yet what is the point of having so much that you’re never going to use, while so many who work are denied that quality of life that they earn through labor? Why do we favor the few over the many? For what purpose?
Think about it.
Because this may be a, if not the, transition to Socialism that Marx predicted. By Socialism, I mean a social-ism, as opposed to the anti-social-ism that we presently have in place.
All thanks to a few people’s anti-social or delusional brains. Nothing more.
Think about it.