What is a socialist market economy?

The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is based on the predominance of public ownership and state-owned enterprises within a market economy. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Communist Party of China in 1992 to describe the goal of China's economic reforms.[2] Originating in the Chinese economic reforms initiated in 1978 that integrated China into the global market economy, the socialist market economy represents a preliminary or "primary stage" of developing socialism.[3] Despite this, many Western commentators have described the system as a form of state capitalism.

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richard allen was a minister for a african methodist episcopal church. he was also a educator and a writer one of america most active and influential black leaders. in 1794, he founded a african methodist episcopal church in philadelphia, pennsylvania. the church that he founded was the first independent african american denomination in the united states. he was a influential leader that makes many people feel comfortable under his preachings. they trusted him and supported him even though it could get them in trouble because slavery was happening. he risked his life to bring slaves and others closer to god and writing books. as a boy he and his family were slaves but some how he managed to teach himself how to read, write and preach. he has written four books about his life, slavery and hymns/preaching.