Linked to socialist market economy.
Also removed link to was responsible for other purges and crackdowns (besides TAM) that led to the death of thousands of people. Need to be much more specific. I think that you could argue that his being part of the Anti-Rightist movement fits this, but this doesn't seem to work completely. Deng was rather remarkble for being remarkably non-bloody in his purges.
There are about three or four ways one could justify that statement, but since I'm not a mind reader I'll leave it to the original author to go into detail about what he meant.
Removed this statement. This sentence implies a reallocation of resources which did not occur in China. Quite the opposite, Russian-style socialist theory tends to create overallocation of capital in heavy industries, and overall, the Deng Xiaoping reforms have causes capital to move *from* heavy industry causing large numbers of industrial plants to shut down.
- With the short gestation period, low capital requirements, and high foreign-exchange export earnings, profits generated by light manufacturing were able to be reinvested in more capital-intensive industries
I know this, Roadrunner. This doesn't change the fact that profits generated by light industry are reinvested to more capital-intensive industries. That's industrialization. The movement from primitive toward more technologically advanced industry. Your charges, that I do not understand the difference between Soviet and Chinese development models, are slander and vandalism.
- But the profits weren't reinvested. The capital invested in heavy industry largely comes from the banking system, and most of that capital comes from consumer deposits. One of the first items of the DXP reforms was to prevent reallocation of profits except through taxation or through the banking system.
- The whole point of the DXP is that profits wouldn't be transferred because doing so would discourage people from trying to make a profit.
172,
Can you explain what is wrong with my edits?
If I know what is objectionable, I can step by step explain the rationale behind them.
for example, its important to mention that DXP allowed experimentation with concepts that were merely not "anti-Mao" but also "seemingly capitalist". This is what made DXP different from Chen Yun who was also quite anti-Maoist but drew the line at some measures that would make China seem too capitalist.
Similarly, I changed the statement by Jiang from "expressed the sentiment of the nation" because there are large segments of the Chinese population who dislike DXP because of his role in TAM. Public sentiment toward Deng is generally favorable, but it's not universally favorable.
My objections to the description of light industry is stated above. I tried to rework the wording to keep some of your thoughts, but I think what you wrote had a someone misleading description of how the DXP reforms worked.
etc. etc. etc.
My sentence was a bit vague, but I was fully aware of what you’ve illustrated above. I’m also aware of the contrasts between Chen and Deng. Those contrasts might be more appropriate in the article on PRC history though.
So what exactly is wrong with my edits which would prompt a mass revert. It's important to point out the differences not only between Deng and Mao but also between Deng and Hua Guofeng and Chen Yun.
--- User:Roadrunner
I did not see that new paragraph in the legacy section. Sorry. Keep in mind though, this is an article on Deng, not PRC history. If anything, I put too much on economic history in the article.
172,
Rather than massive revert, I'm going to get lunch and when I come back I'm going to introduce my changes one at a time. For example, my objection to 172 description of the focus on light industry is that while it does distinguish Chinese economic reform from Soviet russia, it *doesn't* distinguish Chinese economic reform for the reforms in Yugoslavia and Hungary which was also focused in light industry and trade with Western Europe.
The important difference is that in China, the profits from light industry weren't reinvested in heavy industry by government mandate. One of the first reforms in 1983 or so was that the central government would no longer direct the flow of capital and would not direct how the profits of the TVE's were to be spend.
This is an encyclopedia article. I gave a brief synopsis on economic history that will allow readers to understand what kind of changes are going on right now in Chinese society. Keep in mind that a short encyclopedia entry on Deng is not going to be written at our level. Lets find a different forum to discuss the inner-workings of Chen Yun, Deng Xiaoping, Hu Yaobang, Zhao Ziyang, Li Peng, Hua Guofeng, etc. Let’s find another forum for comparative economics.