Meaning of market communism | Babel Free

Definitions

A form of communism that also engages to a limited extent with the free market.

uncountable

Examples

“Attempts to introduce versions of "market communism" — in China, Hungary or Yugoslavia — have shown how hard it is to make mainly state-owned economies as nimble as mainly private ones.”

“These second tier businesses too might prefer the luxury of rentier satisficing, but lacking “godfathers,” are compelled to behave more or less like neoclassical profit-seekers. They are the “market” heart of Chinese market communism; […]”

CEFR level