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State Commerce Versus Speculators
- Communist economic agents stabilized money by re-integrating markets and controlling essential commodity flows during civil war.
- They out-speculated private hoarders by flooding markets to burst price spikes and seize failing merchants.
Monetarism's Money-Only Lens
- Monetarism treats inflation as purely a monetary phenomenon driven by money supply.
- This view separates money from the real economy while paradoxically making money the central policy lever.
Industrialization Funded By Rural Surplus
- Mao-era industrialization relied on transferring rural surplus to fund urban heavy industry.
- That 'squeezing the peasants' model produced catastrophic famines and shaped later reform debates.