this post was submitted on 02 Dec 2024
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Red China is long gone mon ami. Communism with Chinese Characteristics loves the rich, but only if you're aligned to the correct clique.
This is a common statement by those who haven't read theory, especially among the Western Left, but this isn't true in any capacity. Billionaires are regularly executed in the PRC, the fact that the PRC has a private sector doesn't mean it has shifted away from Marxism-Leninism. The entire reason Marx predicted Socialism, ie Public Ownership and Central Planning, to overtake Capitalism is because markets naturally prepare the foundations for Socialism. Competition forces more and more companies to consolidate and grow, develop their own infrastructure for planning, which can be siezed and used by the public.
-Engels, The Principles of Communism
Half the economy of the PRC is in the Public Sector, and another almost tenth is in the cooperative sector. The Private Sector covers mostly light industry that depends on Publicly Owned industries like steel and public infrastructure. As Capital consolidates in the Markets, the CPC increases ownership. I recommend reading Socialism Developed China, Not Capitalism. Markets are more efficient at lower levels of development, and Public Ownership and Planning is more efficient at higher levels of development.
If you want to learn more about Marxism, I made an introductory Marxist reading list.
Fair pointπ
Not really.
I was saying fair point that China today is not that of the 70's ...
There is a corrupt rich class in China and the communist party is struggling to "harmonize"
Then again, I would not wish to Be the leader of a billion people.... It's not easy decision for sure....