market communism

noun

A form of communism that also engages to a limited extent with the free market.

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Meanings

nounmarket communism (uncountable)
  1. uncountablegovernmentA form of communism that also engages to a limited extent with the free market.

    Attempts to introduce versions of "market communism" — in China, Hungary or Yugoslavia — have shown how hard it is to make mainly state-owned economies as nimble as mainly private ones.

    1988, The Economist, volume 306, numbers 7532-7539, page 13
    1 more example

    These second tier businesses too might prefer the luxury of rentier satisficing, but lacking “godfathers,” are compelled to behave more or less like neoclassical profit-seekers. They are the “market” heart of Chinese market communism; […]

    2011, Steven Rosefielde, Masaaki Kuboniwa, Satoshi Mizobata, Two Asias: The Emerging Postcrisis Divide, page 432
Cite this entry
APA

market communism. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/market%20communism

MLA

“market communism.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/market%20communism. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “market communism,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/market%20communism.

Source: market communism on Wiktionary, CC BY-SA 4.0.