Daniel Tudor

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“Communist” and “collectivized” are utterly outdated labels for a North Korean economy that now heavily relies on thriving, person-to-person market exchanges in which individuals buy and sell private property for the purpose of generating profit.

Private trade has become so prevalent in recent years that it permeates all levels of society, from the poorest through to the Communist Party and military elites. But as with sex in Victorian Britain, there is a double standard with capitalism in North Korea: everybody does it, but few publicly admit to its existence.

Though markets in some form have always existed in North Korea, the declining official role of the state in economic activity means that private trade has never been as widespread — or necessary — as it is today.…  Seguir leyendo »