2003•Academic Journal of Shanxi Provincial Committee Party School of C.p.cRequires access
Market Socialism or Social Capitalism
Hongqiang Wang
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Abstract
Being an important social trend of thought in the West,the concept of market socialism,though it is a theory on integration of marketing with socialism, differs essentially from China's socialist market economy in understanding of socialism.Therefore it is unsuitable to generalize the new changes in modern socialism with the theory.As the highest phase of the development of modern capitalism,social capitalism has been brought forth by social democracy.The socialist standpoints of market socialism are close to those of social democracy,so it can not detach itself from the historical realities of social capitalism in theory.