Kerala India achieved developed nation level performance on HDI (human development index) indices in a few short decades with expansive land and policy reforms under a democratically elected communist party.

Communism is an extremely effective tool at shaking off feudalistic old world tendencies but, as a system, it is extremely handicapped when it comes to economic development in a world where the wealthiest nations are capitalist.

Which is why China has adopted a hybrid “state capitalism” to pull hundreds of millions out of poverty.

China is not “state capitalist” or mercantilist. Its a socialist market economy with a limited / restricted private sector, where the publicly owned portion dominates the economy, and private capital is not allowed to rise to the level of political power.

• The backbone of the economy is state ownership and socialist planning. 24 / 25 of the top revenue companies are state-owned and planned. 70% of the top 500 companies are State-owned. 1, 2 The largest bank, construction, electricity, and energy companies in the world, are CPC controlled entities, subject to the 5 year plans laid out by the central committee.
• Workplace democracy in action in the CPC.
• Is modern day china communist? Is it staying true to communist values?
• Didn’t China go Capitalist with Deng Xiaoping? Didn’t it liberalize its economy? Is China’s drastic decrease in poverty a result of the increase in free market capitalist policies?
• Is the CPC committed to communism?
• The Long Game and Its Contradictions. Audiobook
• The myth of Chinese state capitalism. Did Deng really betray Chinese socialism?
• Tsinghua University- Is Socialism with Chinese Characteristics real socialism, or is it state Capitalism?
• Isn’t China revisionist for having a capitalist sector of the economy, and working with capitalists? Why isn’t it fully planned like the USSR was?
• Castro on why both China and Vietnam are socialist countries.
• Roderic Day - China has billionaires.
• What is socialism with Chinese characteristics (SWCC)?
• How is SWCC not revisionist? How is it any different from Gorbachev’s market reforms?, 2
• Domenico Losurdo - is China state capitalist?, 2