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China is not a socialist state, even if more aspects are planned compared to the west. It’s state capitalism. Wage labor, profit motive, and capital accumulation are central features of the economy. Inequality is on a similar level to the US.
I’m not disputing, however, that it probably is superior to laissez-faire capitalism.
Thank you for the suggestion. Have you read it? I’m not arguing that state capitalism isn’t a necessary step to socialism, merely that this development hasn’t concluded. Would you say that the interests of the whole people has been met and therefore state capitalism has been overcome?
I would say that at current in China it is very clearly being made to serve the whole people under a revolutionary democratic state and thus is socialism.
I’m not sure I understand you correctly. Are you saying China is in the process of becoming democratic or is democratic already?
China is democratic. One of the few truly democratic nations on earth.
I see. We have a very divergent definition of democracy then. What are other truly democratic nations to you? North Korea? Myanmar?
Before I respond fully to give me a baseline of your thoughts, could you explain to me how you think the Chinese system works? Why it doesn’t count as democracy and ideally an example or 2 of real democracies?
Nobody has said China has finished the development of socialism, just that they are already socialist, which is true.
Wrong.
Is China State Capitalist?
- The backbone of the economy is state ownership and socialist planning. 24 / 25 of the top revenue companies are state-owned and planned. 70% of the top 500 companies are State-owned. 1, 2 The largest bank, construction, electricity, and energy companies in the world, are CPC controlled entities, subject to the 5 year plans laid out by the central committee.
- Workplace democracy in action in the CPC.
- Is modern day china communist? Is it staying true to communist values?
- Didn’t China go Capitalist with Deng Xiaoping? Didn’t it liberalize its economy? Is China’s drastic decrease in poverty a result of the increase in free market capitalist policies?
- Is the CPC committed to communism?
- The Long Game and Its Contradictions. Audiobook
- The myth of Chinese state capitalism. Did Deng really betray Chinese socialism?
- Tsinghua University- Is Socialism with Chinese Characteristics real socialism, or is it state Capitalism?
- Isn’t China revisionist for having a capitalist sector of the economy, and working with capitalists? Why isn’t it fully planned like the USSR was?
- Castro on why both China and Vietnam are socialist countries.
- Roderic Day - China has billionaires.
- What is socialism with Chinese characteristics (SWCC)?
- How is SWCC not revisionist? How is it any different from Gorbachev’s market reforms?, 2
- Domenico Losurdo - is China state capitalist?, 2
- Did Lenin say anything about Market Socialism, or productivism?
- Vijay Prashad - Is China capitalist?
- Why do Chinese billionaires keep ending up in prison? Why are many billionaires and CEOs going missing? China sentences Ex-Chairman of a major bank, guilty of embezzling ~$100M USD, to death in 2019.
China has a socialist market economy, public ownership is the principal aspect of the economy and the working classes control the state. State capitalism refers more to the Republic of Korea, where the state is heavily involved in an economy where private ownership is principal and capitalists control the state.
Read theory.
you can find all of these in varying degrees in most aes countries. socialism is always unique in a lot of ways between cultures, that doesn’t mean they are capitalists.
china’s economy is geared towards integration with the global economy so market based private companies are permitted with conditions, but most of the country’s gdp is under the government’s control. it’s just not as you’d see in the ussr.
you are probably thinking of communism, which is the stage at which we would have already gotten rid of centering our lives around money.
