Friday, March 22, 2013

农业学大寨,社会资本主义学华西


"The village finances are kept in the village. In Huaxi’s case, there are three different forms of distribution. One is the “communist” part, which is distribution according to one’s need. So it provides the villager with basic subsistence fees. They also have what they call the “socialist” part of distribution, which means that you have to work in the village, at a factory or in a service area, in order to get paid. That’s a salary. The third part is called the “capitalist” part. That’s the dividend based on factory shares and village shares that you own. Not every villager has that."


Source:
"Eight Questions: Hou Xiaoshuo on Community Capitalism"
http://blogs.wsj.com/chinarealtime/2013/03/21/eight-questions-hou-xiaoshou-on-community-capitalism/?mod=chinablog

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