The Secret Document That Transformed China

This story reported by NPR talked about the transformative principle of private property in the farming society of China and how it help push China to accept free market capitalist principles. Since 1978 the Chinese economy when under a transformational shift. It started with a small village when farmers came together to split up the land and allow each farmer to claim responsibility for there proportion of land. With this new ownership agreement the farmers were able to increase there output by five times, this massive increased was noticed by government officials. Luckily these officials held put there illegal actions a model for how China needs to shift there economy. To me this story directly links to the concepts of private property we have learned about in class and how it allows for economic growth and development.