Theoretical Interpretation and Practical Analysis of the Socialist Common Prosperity

Based on the theories of Marxism-Leninism and its localization in China and proceeding from the goal of socialist development and its connotation, this paper analyzes the important role and significance of achieving common prosperity to the consolidation of socialist system; on the basis of comparison between domestic and foreign theories on income distribution and realities of wealth gap, it elaborates the criteria to evaluate common prosperity or rich-poor polarization and clarifies several theoretical views on narrowing income and wealth gaps; it also analyzes varieties of disparities and their causes in the process of China’s economic development and proposes two important approaches to enhance common prosperity.