Public Notice on Cracking Down on Speculation and Strengthening Market Controls
In its resolution "Fight to Strengthen the Dictatorship of the Proletariat" of 2 June 1967, the Shanghai Municipal Revolutionary Committee pointed out that "the unfolding of revolutionary big criticism should furthermore be integrated with a crackdown on capitalist forces active in society today, as well as with the struggle between the two roads." In order to strengthen the dictatorship of the proletariat, protect socialist construction, and guarantee the successful unfolding of the Great Proletarian Cultural Revolution, we must resolutely crack down on a variety of wicked trends set in motion by capitalist forces in urban and rural areas, including the practices of economism, independent [economic] operations (dan'gan), and speculation. In view of this, we issue the following notification:
Source: This notice ("Guanyu daji touji daoba jiaqiang shichang guanli de tonggao") was circulated nationwide for reference purposes by the State Council and Central Military Commission on 18 August 1967. Our translation is based on the text reprinted in CCP Central Committee General Office and State Council General Office Joint Cultural Revolution Reception Office, ed., Wuchanjieji wenhua dageming youguan wenjian huiji (Collection of Documents Concerning the Great Proletarian Cultural Revolution), 5 vols. ( Beijing, 1967-68), Vol. 3, pp. 282-88.
|1.||Firmly crack down on speculation. The following kinds of activities by landlord, rich-peasant, counter-revolutionary, hooligan, Rightist elements, law-breaking bourgeois elements, and speculators all constitute criminal acts of sabotage against the socialist economy and the dictatorship of the proletariat and must be punished according to law: reselling goods and materials covered by the state purchase and marketing monopoly; reselling industrial and agricultural means of production; reselling gold, silver, industrial products, and ration coupons; rushing to purchase and forcing up the prices of [scarce commodities]; trafficking in goods over long distances; trading in nonexistent goods (maikong maikong); privately contracting con-|