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Revolutionary Left Radio

Modern China pt. 4: The Deng Reform Period to Today w/ Ken Hammond

Jun 13, 2024
Ken Hammond, an expert on modern China, discusses the Deng Reform Period and its impact on modern China. The podcast explores Deng Xiaoping's political influence, phases of the Reform Period, utilizing market mechanisms for economic development within a socialist framework, Tiananmen Square protests, China's economic development, and reflections on China's future goals.
01:47:44

Episode guests

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Quick takeaways

  • Chinese leadership embraced market mechanisms for economic growth while preserving socialist principles.
  • Agricultural reforms through household responsibility system boosted productivity with policy and structural changes.

Deep dives

The Path to Economic Development Through Market Mechanisms

The Chinese leadership in the 1980s embraced market mechanisms to drive innovation, creativity, and productivity in the economy. They utilized foreign direct investment, created special economic zones, and incentivized capital inputs from the outside. The focus was on developing the productive economy using the methods of the market while maintaining the socialist core of the economy. Policies were enacted to manage contradictions such as corruption, differential levels of development, and the need for price reform.

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