Some resources for a lot of the people below claiming that China is just like any other capitalist country.

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 cracks down on billionaires - Ben Norton interviews Ian Goodrum
• Do capitalists control the communist party? No, pic
• How the State runs business in China.
• 50% of the economy is in the socialist public sector and directly follows the plan (40% if you ignore the agricultural sector). 20 to 30% is inside the state capitalist sector, which is the sector partially or totally owned by domestic capitalists but run by the CPC or by local workers councils. The rest is made up of the small bourgeois ownership like in the NEP.
• China pushing forward Marxist training in colleges, attracts 1M students.
• China tells the US that it has no plans to weaken the role of its State-Owned-Enterprises, one of the US’s main demands in the trade war. “Beijing plans to make the state economy stronger, bigger, and better.”
• Unlike the US, China refuses to bail out over-leveraged property developers, and lets them go bankrupt.
• A China misinformation Megathread.

You really pissed off the .world neolibs with this one. Good work.

Any “leftist” that thinks the fact that China has billionaires means it therefore isn’t actually Socialist needs to read Marx and Engels. There are many such liberals here in these comments. Marx predicted Socialism to be the next mode of production because markets centralize and create intricate methods of planning. As such, he stated that folding private into the public would be gradual, and by the degree to which industry would develop. From the Manifesto:

The essential condition for the existence, and for the sway of the bourgeois class, is the formation and augmentation of capital; the condition for capital is wage-labour. Wage-labour rests exclusively on competition between the labourers. The advance of industry, whose involuntary promoter is the bourgeoisie, replaces the isolation of the labourers, due to competition, by their revolutionary combination, due to association. The development of Modern Industry, therefore, cuts from under its feet the very foundation on which the bourgeoisie produces and appropriates products. What the bourgeoisie, therefore, produces, above all, are its own grave-diggers. Its fall and the victory of the proletariat are equally inevitable.

In even simpler terms, from Engels in Principles of Communism:

Question 17 : Will it be possible to abolish private property at one stroke?

Answer : No, no more than the existing productive forces can at one stroke be multiplied to the extent necessary for the creation of a communal society. Hence, the proletarian revolution, which in all probability is approaching, will be able gradually to transform existing society and abolish private property only when the necessary means of production have been created in sufficient quantity.

That doesn’t mean billionaires are good to have, necessarily, either. It remains a contradiction, but not an uncalculated one. I highly recommend anyone here read China has Billionaires. As much as Marxists want to lower wealth inequality eventually as much as possible (insofar as thr principle "from each according to ability, to each according to needs applies, Marx was no “equalitarian” and railed against them), in the stage of developmemt the PRC is at this would get in the way of development, and could cause Capital Flight and brain drain. Moreover, billionaires provide an easy scapegoat that the USSR didn’t have, and thus all problems of society were directed at the state. It’s important to consider why a Marxist country does what it does, and not immediately assume you know better. The CPC has an over 95% approval rate, you can’t just assume you know what’s best.

The phrase “from each according to his abilities, to each according to his needs” is meant to depict higher stage Communism. Until that is possible, the answer becomes “to each according to his work,” because as Marx said in Critique of the Gotha Programme:

these defects are inevitable in the first phase of communist society as it is when it has just emerged after prolonged birth pangs from capitalist society. Right can never be higher than the economic structure of society and its cultural development conditioned thereby.

At least take a consistent stance, if you believe the PRC to not be Socialist simply because it has billionaires either you disagree with Marx or you have flawed analysis. There are genuine Marxist critiques of the PRC that don’t rely on nonsense. If you consider yourself a Marxist, correct your study. I have an introductory Marxist reading list if you need one.

Edit: oh, hello MeanwhileOnGrad users! Why is it that you intentionally cut off 80% of my comment? Moreover, if you disagree, why not comment here directly and counter, rather than hide behind an anticommunist drama post and downvote? Guess my fanclub just isn’t feeling it today, sadly…

A tale of two countries

All this comment section proves is that if the only thing that changed was that Thompson was a Chinese healthcare CEO called Zhao Qiang and got clapped by the government libs would be calling him a working class hero and a martyr like the fucking NYT.

Wow this one really brought out the votes, both kinds 😂

great thread OP

Many of the chronically online social media poster (read: western professional class) are closer to the CEO than they are to any other group. The temporarily embarrassed millionaires as they’re also known.

Statistically a not insignificant number of them are millionaires by net worth. Especially when we consider demographics where it’s mainly tech workers. But of course that doesn’t count because of some indeterminate line between evil CEO and average Joe who worked hard.

The cognitive dissonance is that they’re all part of the same system. Climbing the same ladder. In any other context these people are bragging about being executive of some random startup or whatever.

What are you on about