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In 1966, Mao Zedong launched the "Great Proletarian Cultural Revolution," which not only brought political chaos but also had devastating economic consequences for China. Mao's China Release Date: 23 December 2017 Director: Nina Adler Language: English Production company: SPIEGEL TV (Spiegel TV GmbH) The movement disrupted schools, factories, and government institutions, halting much of the country’s economic activity. Production plummeted as millions of young people abandoned their jobs and studies to join the Red Guards, leaving industries understaffed and the economy in turmoil. Mao’s earlier economic campaigns, such as the "Great Leap Forward," had already weakened China, causing widespread famine and the deaths of tens of millions. The Cultural Revolution deepened these problems by dismantling economic planning and purging skilled professionals, economists, and business leaders who were accused of being “bourgeois.” Agricultural production dropped, factories closed, and even basic infrastructure projects came to a standstill as ideological purity was placed above efficiency and growth. The result was a lost decade for China’s economy. The country fell behind global economic progress, while poverty and shortages spread across the nation. By prioritizing ideology over development, Mao’s policies left deep scars on China’s business and economic landscape—scars that would only begin to heal with the reforms of the late 1970s under Deng Xiaoping. Would you like me to also include a short comparison to how China’s later economic reforms directly contrasted with the failures of Mao’s Cultural Revolution? SUPPORT US! ✘ Membership - https://bit.ly/3q5XPBh MORE DOCS! ► Gold: https://bit.ly/2IRZ0OA ► World Economy: https://bit.ly/36QlhEM ► All Playlists: https://bit.ly/3lOiCll #finance #documentaries #economy COPYRIGHT: All of the films published by us are legally licensed. We have acquired the rights (at least for specific territories) from the rightholders by contract. If you have questions please send an email to: info[at]moconomy.tv, Moconomy GmbH, www.moconomy.tv.