Anonymous Quotes
Better a Chinese train that runs late than a capitalist train that runs on time.
Slogan of the Chinese Cultural Revolution
Sourced by: Eigen's Political and Historical Quotations
3rd Earl Russell of Kingston. He favored and argued for a middle ground of a capitalistic socialism or a socialized capitalism, which is what most democracies became.
Many American ideologues assumed that the Chinese Communist Revolution would lead to an economic collapse. They did not realize that historically a competitive business economic system had been operational in the Chinese culture for thousands of years. In reality the economy was however really being suppressed somewhat by the Mau style of communism. When Deng loosened up the economic rules in China, their “Communist” system not only functioned as it had under Mao, but then thrived and China became a world economic power in just a relatively few years.
Most classic socialists would not agree, but Deng’s approach created the most economically successful socialist economy in history.
At the time extreme socialist doctrine was that the state should own the factories and the other means of industrial production. The socialists believed that the people through their government had to be able to control the economy and the private owners’ greed would always drive the economy for themselves and not for the society in general. Deal was one of the first who argued that there were other, less draconian modes of economic control like government regulation and central banks. Deat turned traitor during WWII and served in the Vichy Nazi cabinet of Pierre Laval. He was sentenced to death for treason but escaped to Italy where he assumed a new identity and then was sheltered by a right-wing Catholic religious order in the convent of San Vito, near Turin, where he wrote his memoirs and lived undiscovered until his death.
He was a strong foe of both Communism and Capitalism. He was one of the first critics to describe the de facto inequality of Communism.
