POLS 071 Lecture Notes - Lecture 17: Mao Zedong, Communist Party Of China, Household-Responsibility System
26 Apr 2019
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Document Summary
The revolution, china was ruled by mao zedong and the chinese communist party: characterized by highly extractive institutions. Economic: (1) land expropriation (no property rights) (2) state owned enterprises with set quotas (3) restrictions on commercial trade and access to the economy (4) no foreign investment. Political: (1) complete totalitarianism with power solely in mao"s hands. The great leap forward in the 1950s was mao"s idea based on the thought that they hadn"t gone far enough: created massive agricultural collectives, collectivized steel and set quotas (punishment if quotas not met) Mao dies in the mid 70s and transformation begins: economic changes: Move to the household responsibilities system that changed agricultural laws and created incentives to produce over the quota by allowing farmers to sell excess goods on the market. Opened up a commercial trade inside the country. General decrease in state regulation: political changes:
