“Enterprises, such as banks, railways and airlines, whether Chinese-owned or foreign-owned, which are either monopolistic in character or too big for private management, shall be operated and administered by the state, so that private capital cannot dominate the livelihood of the people: this is the main principle of the regulation of capital.”

The Economy of New Democracy
On New Democracy (1940)

Adopted from Wikiquote. Last update June 3, 2021. History

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Mao Zedong181

Chairman of the Central Committee of the Communist Party of… 1893–1976

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