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CHAPTER FOUR: ECONOMIC PRINCIPLES OF THE "MIN SHENG CHU I"-THE PEOPLE'S LIVELIHOOD

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Chapter Summary

The laissez-faire economists propose that China should be industrialized according to the laissez-faire policies and free trade doctrines of Western Europe, on the ground that only in this way can industrial progress be facilitated. The Marxists advocate the overthrow of the capitalists by class struggle and the organization of a Communist society. An important feature of the Principle of the People's Livelihood is the equalization of land rights. Sun Yat-sen commented in detail on the economic theories of laissez-faire and of Marxism. Since the people's livelihood is the basis of all the economic thinking, economic planning and the identification of the people's livelihood with national defense are fundamental features of the Principle of the People's Livelihood. Based on the ideals of the Principle of the People's Livelihood, Sun Yat-sen wrote his great and all-inclusive "Industrial Plan", which is the basis of the national-defense economic plans of China.

Keywords: China's economic reconstruction; industrial plan; laissez-faire policy; Marxism; national defense; people's livelihood; Sun Yat-sen

10.1163/9789004212732_016
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