Socialism and Communism in China

How does Socialism & communism in china translate in the actual political discourse? (i.e. Use a few modern examples of political and or legal actions) 2. How would you describe the political and cultural influence of Socialism & communism on the Chinese society? (i.e. How did it affect modern political decisions or policies and social movements?) 3. What are the positive and the negative outcomes of the influence of Socialism & communism in china? (i.e. Explain and analyze the benefits and shortcomings of this key feature and how they are affecting the society.)

Quick Response

Socialism is considered to be an economic system where the society owns the means of production. Communism, on the other hand, refers to an economic system where private owners to control the industry while maximizing their profits. Communism in China has been embraced particularly as identified with the existence of the communist party. The private sector in China contributes to a significant percentage of GDP than the state sector. However, the private sector is considered to be very receptive to the Chinese government. One advantage of communism is that everyone gets the same chance to invest and exploit talents and gifts. One disadvantage, on the other hand, is that individual rights are restricted since the community is influenced to work toward common goals and needs…

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