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11 Jul 2013, 6:19 pm by Larry Catá Backer
Led by changes in China that accelerated in the years after the late-1970s, China has abandoned the traditional notion of the state’s monopoly on productive property and the necessity of aggregating for the apparatus of the state all power to direct and manage productive assets and the people through which productivity is extracted.[19] Central planning has been abandoned in favor of centralized control of key sectors and central direction of the rest, with control… [read post]