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Cat theory (Deng Xiaoping)

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Deng Xiaoping's cat theory (simplified Chinese: 猫论; traditional Chinese: 貓論) is an economic philosophy which states, "it doesn't matter if a cat is black or white, if it catches mice it's a good cat (不管黑猫白猫，能捉到老鼠就是好猫)".

Cat theory (Deng Xiaoping) - Wikipedia Jump to content From Wikipedia, the free encyclopedia Chinese philosophy of pragmatic economics Deng Xiaoping 's cat theory ( simplified Chinese : 猫论 ; traditional Chinese : 貓論 ) is an economic philosophy which states, "it doesn't matter if a cat is black or white, if it catches mice it's a good cat ( 不管黑猫白猫，能捉到老鼠就是好猫 )". [ 1 ] [ 2 ] [ 3 ] Deng argued that a planned economy or a market economy is only a tool for distributing resources and has nothing to do with political institutions . In other words, socialism can have a market economy, and capitalism ca

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