Re:Google Scientist Resigns Over “Forfeiture of Our Values” ...
by echevil on Thursday September 13, 2018 @07:56PM
(#17983740)
> they were basically the abandonment of a lot of Maoist ideas in favor of something that was more in line with Western economic thought
That’s right. The government basically concluded communism isn’t going to happen any time soon and shifted focus back towards gradual economic growth, and chaned lots of policies like opening more and more markets to private companies, letting state owned companies run in the same way as private companies, etc. (Before then, everything was owned and ran by the government). 1978 was just the beginning of the series of economic reforms
What’s different from many western economies though, is that government is investing and driving a lot of these changes.
That’s right. The government basically concluded communism isn’t going to happen any time soon and shifted focus back towards gradual economic growth, and chaned lots of policies like opening more and more markets to private companies, letting state owned companies run in the same way as private companies, etc. (Before then, everything was owned and ran by the government). 1978 was just the beginning of the series of economic reforms
What’s different from many western economies though, is that government is investing and driving a lot of these changes.