Now China has transformed its planned economy system into an initial socialist market economy system. As a result the regulatory function of the market has been strengthened tremendously.

On the other hand, countries with free-market economies tend to be free in other ways, too. Of course, when Bernie and his followers talk about socialism, they don’t really want to turn the U.S ...

The way corporations, such as Walmart and Amazon, manage their supply chains points towards how non-commodity production and non-market allocation could work efficiently, while responding flexibly to ...

That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said ok, we will have an experiment in this class on ...

Samarajiva praised China’s competitive spirit under its "socialist market economy," quoting Deng Xiaoping: “It is wrong to maintain that a market economy exists only in capitalist society ...