And if something did maybe happen, it's the CIA's fault
this post was submitted on 09 Oct 2024
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TIL a country with 814 billionaires isn't capitalist.
It isn't, it has a Socialist Market Economy. Marx and Engels repeatedly stated that Private Property cannot be abolished all at once in lower-stage Communism (which modern Marxists call Socialism). The economy of China is over 50% publicly owned and centrally planned, and there is a cooperative sector as well, meaning the Private Sector is a minority. On top of this, the Private Sector is still centrally planned.
The PRC employs a "birdcage model," where competition in the markets eventually leads to monopolization into large syndicates, which the CPC then folds into the public sector steadily as it increases control by degree.
This is exactly why I linked you the article Socialism Developed China, Not Capitalism. If you aren't going to read Marx and Engels, and you aren't going to study Historical Materialism, surely you can read a 20 minute article, right?
I'll leave you with an excerpt from The Principles of Communism:
I bolded the section where Mao made an error in judgement and socialized the economy dramatically before the productive forces were developed enough.
Bruh, it's a losing battle in here. I got downvoted to hell for saying the same thing.
Because the PRC is Socialist, and following Marxism.
It has a Socialist Market Economy. Marx and Engels repeatedly stated that Private Property cannot be abolished all at once in lower-stage Communism (which modern Marxists call Socialism). The economy of China is over 50% publicly owned and centrally planned, and there is a cooperative sector as well, meaning the Private Sector is a minority. On top of this, the Private Sector is still centrally planned.
The PRC employs a "birdcage model," where competition in the markets eventually leads to monopolization into large syndicates, which the CPC then folds into the public sector steadily as it increases control by degree.
This is exactly why I linked you the article Socialism Developed China, Not Capitalism. If you aren't going to read Marx and Engels, and you aren't going to study Historical Materialism, surely you can read a 20 minute article, right?
I'll leave you with an excerpt from The Principles of Communism:
I bolded the section where Mao made an error in judgement and socialized the economy dramatically before the productive forces were developed enough.