Any capitalism is superior to feudalism.

I would be quite content if I myself could be rated fifty-fifty in merits and demerits. But one thing I can say for myself: I have had a clear conscience all my life. Please mark my words: I have made quite a few mistakes, and I have my own share of responsibility for some of the mistakes made by Comrade Mao Zedong. But it can be said that I made my mistake with good intentions. There is nobody who doesn't make mistakes.

In the final analysis, the general principle for our economic development in China is still that formulated by Chairman Mao, that is, to rely mainly on our own efforts with external assistance subsidiary.

Absorbing foreign capital and technology and even allowing foreigners to construct plants in China can only play a complementary role to our effort to develop the productive forces in a socialist society. Of course, this will bring some decadent capitalist influences into China. We are aware of this possibility; it's nothing to be afraid of.

Chairman Mao was after all a principal founder of the Chinese Communist Party and the People's Republic of China. In evaluating his merits and mistakes, we hold that his mistakes were only secondary. What he did for the Chinese people can never be erased. In our hearts we Chinese will always cherish him as a founder of our Party and our state.

In the last couple of years before Chairman Mao's death he said that the "Cultural Revolution" had been wrong on two counts: one was "overthrowing all", and the other was waging a "full-scale civil war". These two counts alone show that the "Cultural Revolution" cannot be called correct. Chairman Mao's mistake was a political mistake, and not a small one.

It should be pointed out that some of the things done after the arrest of the Gang of Four were inconsistent with Chairman Mao's wishes, for instance, the construction of the Chairman Mao Memorial Hall. He had proposed in the fifties that we should all be cremated when we died and that only our ashes be kept, that no remains should be preserved and no tombs built.