this post was submitted on 07 Jul 2024
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Marxism-Leninism is not tied to one specific one size fits all economic policy, what's needed depends on the specific material conditions. China managed to open up and allow bourgeois investment to flow in, without allowing the bourgeoisie to take over the government and do regulatory capture. This was what they needed to do at the time to best advance the condition of the people, and it's also allowed them to emerge as a major global power, while at the same time having too many economic ties for anyone to really do anything about them, militarily. It's proving to be an incredibly successful strategy, both geopolitically and domestically.
Tell that to emperor bourgeoi-xi in the forbidden city. And his wealthy oligarch buddies. The bourgeoisie never had to take over. Xi happily joined them, and is planning to out bourgeoisie them. He certainly isn't proletariat and neither are the business owners in China working with him. But tell yourself what you need to to cope.