Instapaper Weekly – Jul 5, 2026
Instapaper Weekly The week's most popular stories Top Highlight Toward a Marxist State Theory of the Socialist Market Economy cosmonautmag.com The socialist market economy did not emerge from a theoretical blueprint. As Brdsgaard and Rutten document, it was the product of a specific and contested historical process unfolding across four decades of reform. The 1978 Third Plenary Session of the Eleventh Central Committee inaugurated substantial economic reform, and in doing so, opted to retain central planning as a primary mechanism of development. By 1984, the Twelfth Central Committee's Decision on Economic Restructuring introduced the concept of "planned commodity economy" the first official acknowledgement that commodity relations were compatible with socialism. The 1987 Thirteenth Congress produced the formula "state regulates market, market guides enterprises." After a period of retrenchment b...
