Reform In China And Other Socialist Economies
In this timely collection of essays, a prominent economist specializing in centrally planned socialist systems points out why these economies are bankrupt and what are the institutional, ideological and political obstacles to their transformation. Prybyla is particularly critical of intellectual hybrids like "market socialism." The only remedy for state socialism is for the communist parties to cross clear over to the market and to democracy-"all the way, not one third of the way, or half way, but all the way across." The move forward, he contends, has to be brisk and comprehensive-a recasting of all institutions and ideas. To accomplish this, he concludes, requires the removal as a class of the governing party elite.
Sign-up for free weekly updates from ForeignAffairs.com.