Why China chose the socialism instead of capitalism as the country political system when PRC was established?
1. What is socialism, capitalism?
- Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit. Other elements central to capitalism include competitive markets, wage labor and capital accumulation.
- Socialism an economic system characterized by social ownership of the means of production and co-operative management of the economy, and a political philosophy advocating such a system. "Social ownership" may refer to cooperative enterprises, common ownership, direct public ownership or autonomous state enterprises. It would consist of an organization of production to directly satisfy economic demands and human needs, so that goods and services would be produced directly for use instead of for private profit driven by the accumulation of capital.
On October 1, 1949, in a grand ceremony witnessed by crowds of Beijing people in Tiananmen Square, Mao Zedong, chairman of the Central People's Government, solemnly proclaimed the founding of the People's Republic of China (PRC). Mao Zedong (December 26, 1893 – September 9, 1976) was a Chinese communist revolutionary, political theorist and politician.
In view of historical development, there are at least three main reasons why China takes the socialist road.
First, China's socio-economic conditions do not allow the Chinese people to take the capitalist road. In old and backward China prior to the national liberation in 1949, the Chinese Kuomintang, or the National Party, worked neither for equitable distribution of land among landless peasants at the time nor the development of the national industry. The bureaucratic capitalists, as represented by the Four Big Families of Chiang Kai-shek, T.V. Song, H.H. Kung and Chen Brothers never developed any industry of...
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