...Value Is Consciously Applied For Developing a Socialist Commodity Economy Socialist society practises a planned economy on the basis of public ownership...cyclical crises characteristic of capitalist society and ensure that production constantly meets the growing material and cultural needs of the people....

...the three basic principles of a Soviet-type economy,3 the decision clearly states a Socialist economy practices a planned economy on the basis of public ownership of the means of production" and ' this is one of the fundamental indicators of the supremacy of a socialist economy over a capitalist...

...point. In its "Decision on Reform of the Economic Structure," (1984), the Central Committee observed: "Socialist society practices a planned economy on...cyclical crises characteristic of capitalist society and ensure that production constantly meets the growing material and cultural needs of the people."...

...formulation. Moreover, the section of the "Decision" that dealt with the commodity economy stated bluntly that "Socialist society practices a planned economy on...of public ownership of the means of production.... This is one of the fundamental indicators of the superiority of a socialist economy." This terminology...

...commodity economy, 'Decision' explained, reaffirms itself as a socialist society in that it 'practises a planned economy on the basis of public ownership of the means of production". But to upholders of Marxism-Leninism-MZT, China's actual conditions could not be ignored: they included...