"Functional Socialism'' and "Functional Capitalism" : the "Socialist Market Economy" in China
"Functional Socialism'' and "Functional Capitalism" : The "Socialist Market Economy" in China 著者 Takeshita Koshi journal or Kansai University review of economics publication title volume 18 page range 1-25 year 2016-03 URL http://hdl.handle.net/10112/00017203 Kansai University Review of Economics No.18 (March 2016), pp.1-25 ^Tunctional Socialism'' and ^Tunctional Capitalism — The "Socialist Market Economy" in China — Koshi Takeshita Based on a framework that conceives of ownership (property rights) as "a bundle of rights," We propose four types of ownership system, build concept models of "functional socialism" and "func tional capitalism," and then try to clarify the reality of Chinas "socialist market economy" We reached the following conclusions. First, we schematize the correspondence between "functional socialism" and "functional capi talism." Second, we show that a process of land ownership reform and state-owned enterprises reform corresponded with a schema of "functional capitalism." Third, we found that the ownership structure of the "socialist market economy" in China is now sepa rated into three different sets of rights regarding ownership (prop erty rights). Finally, we show that the reality of the "socialist market economy" is not a free market, but a market controlled by the Communist Party. Keywords: market socialism, state capitalism, property rights approach, land owner ship reform, reform of SOEs (state-owned enterprises) 1. Introduction: analytical viewpoint^^ Following the remarkable rise of Chinas economy, there has been an increase in discussion about the diverse forms that capitalism can take.^^However, when one considers that China calls its own system a "socialist market economy," one may wonder if it is better to think about the multiple forms that socialism can take.
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