Seventy-two years ago today, on September 7, 1953 (July 29, 1953), Mao Zedong talked about the socialist transformation policy of capitalist industry and commerce. On September 7, 1953, Mao Zedong summoned some representatives of the democratic parties and the business community for a talk. He said that more than three years of experience have proved that the socialist transformation of private industry and commerce through state capitalism is a relatively sound policy and method. But some capitalists maintain a great distance from the state, and they still have not changed their mercenary thinking. Some workers move forward too fast, and they do not allow capitalists to gain profits. The implementation of state capitalism should not only be based on needs and possibilities (common program), but also on the willingness of capitalists, because it is a cause of cooperation. Since cooperation cannot be forced. Completing the entire transition period cannot be achieved in three or five years, but requires several five-year plans. On this issue, we must oppose both the idea of a distant future and the idea of haste.