China is a Communist Republic government. This means that the government regulates, sets rules, and runs most business in China. However, the increase in a worldwide economy around the middle of the 20th century caused China to evaluate their government and decide that something must be done to stimulate the Chinese economy and bring entrepreneurs to China otherwise they will be left behind in the forever-growing global economy. In fact, China has changing a lot from the past 30 years, and we can really tell the change.
China is a great capitalism country now. That means, the government is controlling everything. However, with the change of the Chinese government, they become more flexible than before. This way can helping at the economy grow, and improve people・s lives. We can see from the videos that there are more and more building, shops, and bars build in the cities of China. If you go to visit about 30 years ago, you may not see these views. :China is improving step by step,; one man said from the video. However, as the report shows, there are too many building now in China, and there are not many people who want and can afford to buy the buildings. That may loose the original purpose of this idea.
Deng Xiaoping, the leader of China disbands communes who had already died, allowing farmers to freely sell their products and introduces profit incentives for factories. It is called :Socialism with Chinese characteristics; - a wonder of rhetoric. From there, many of the farmers start to sell their lands, and move to the big cities like Beijing, or open shops instead of farm. Under Jiang Zemin・s leadership who is the leader after Deng Xiaoping・s dead, the 15th Party Congress reveals its plan to sell most state-owned industries. It becomes privatize. In the coming years, tens of million of workers will be laid off; with no social protection is sight. Now, is this still socialism, no it・s the raw capitalism. For the average Chinese, it might be the worst of both worlds.
Some people will put the Confucianism into the discussion of the capitalism. Chinese people called this combine idea as Internalism. Capitalism for China is to centralize all of the Chinese market, and use Confucianism into the modernity idea. It can help the developing of the economy and the growth of the production. In other words, they are just using Confucianism・s united idea and thinking to look at the capitalism. Just as give a good reason of using capitalism.
In theory both capitalism and communism have their advantages. In a theoretical capitalist society there is an extremely strong profit incentive which leads to the accelerated development of new products and technological advances which benefit not only those who are strong enough to succeed but also those who are left behind, through the famous "trickle down effect". In a theoretical communist society there is no unemployment, no inflation, higher productivity in times of crisis and no disparity in wealth, status and power. However, in practice the story is vastly different for both political systems. Capitalism in practice leads to high unemployment, alienation, the boom-slump cycle, poverty and crime. Communism in practice leads to political control, the suppression of free speech, limited travel, the repression of religion and restricted expression of the arts. So to finish I think that communism, if it could be made to function in its ideal manner, would be superior. But we live in a world which is, like it or not, filled with greed. The system then is fundamentally driven by greed (capitalism). In the end, I believe that capitalism was and will be inevitable, at least in some form.