How are communist nations like China and Vietnam allowing so many vibrant private enterprises to operate?

QUORA

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Paul Denlinger · Have worked in several China internet startups4y

  1. Both are run by Communist parties;
  2. Simply because the names of the ruling parties include the word “Communist” does not mean that they are strictly communist;
  3. Both Vietnam and China understand that they are more powerful and influential domestically and internationally if their people are prosperous instead of poor;
  4. You don’t understand the difference between the words “Communist” and “communist”, and think labels are really important. For this reason, your question shows that you suffer from outdated stereotypes which no longer have meaning in the real world. This is a common problem, especially among Americans.

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