Economic planning is not tantamount to socialism, because economic planning is also practiced in capitalist countries
The market economy is not tantamount to capitalism, because a socialist country can also have a market economy.
Both economic planning and the market economy are economic means.
The essence of socialism is to emancipate and develop the productive forces, destroy exploitation, eliminate polarization, and attain common prosperity in the end.
Deng Xiaoping, 1987
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