market communism

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English[edit]

Noun[edit]

market communism (uncountable)

  1. (politics) A form of communism that also engages to a limited extent with the free market.
    • 1988, The Economist, volume 306, numbers 7532-7539, page 13:
      Attempts to introduce versions of "market communism" — in China, Hungary or Yugoslavia — have shown how hard it is to make mainly state-owned economies as nimble as mainly private ones.
    • 2011, Steven Rosefielde, Masaaki Kuboniwa, Satoshi Mizobata, Two Asias: The Emerging Postcrisis Divide, page 432:
      These second tier businesses too might prefer the luxury of rentier satisficing, but lacking “godfathers,” are compelled to behave more or less like neoclassical profit-seekers. They are the “market” heart of Chinese market communism; […]
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