Their large firms and key industries are publicly owned, and central planning is the backbone of their economy. Their economic base is the public sector. This is socialism. State capitalism is when the large firms and key industries are privately owned, but directed by a strong state, like Singapore, the Republic of Korea, Bismark’s Germany, and the US post-WWII. As far as corruption, over 90% of Chinese citizens approve of their government. Xi is incredibly popular because of the anti-corruption campaigns successfully removing large amounts of opportunists.
Public ownership is collectivized, private is individual or a group of investors. Private ownership requires profits at a systemic level (if not individually), while public doesn’t need to. Does that make sense? With collectivized ownership we can abolish the profit motive, and plan the economy more effectively.
I’m curious how public ownership is managed. Do they also have people in charge, but they can be elected? And what motivates their decisions?
From what I understand, with private ownership there are directors who make decisions based on profit motives. Which doesn’t always align with what consumers want. Which is bad, of course.
Publicly owned (by xi), socialism would be the government actually looking out for their population, which the Chinese government doesn’t do. You know who else has overwhelming positive reviews by their population, the rest of the dictators. C’mon don’t fall for their propaganda either.
Xi being head of state does not mean he owns the economy. This is incredibly silly, it’s the same logic that people used when claiming Castro was incredibly wealthy, and just pointing to the GDP of Cuba as proof.
A study from a western firm that found that Chinese citizens overwhelmingly approve of their government because of the dramatic and consistent improvements in their lives is absolutely proof of support for the system. It isn’t proof of Xi being a “dictator.”
Come on, this is nonsense. Please stick to reality.
No, Putin does not own the economy, just like Trump does not own the US. This is silly. Additionally, Russia is capitalist, and the PRC is socialist.
No, the CPC does not take organs from people off the streets. This is incredibly racist propaganda, and I cannot believe you’re repeating this.
I’m not “simping” for anything, I’ve provided sources for what I’ve said, while you live in fantasy land where heads of state are owners of economies like we live in feudalism. This is nonsense. Plus, not sure why you’re bringing in the DPRK and RF unprompted, we were discussing the PRC.
All states are authoritarian, what matters is which class is in control, the proletariat or bourgeoisie. “Authoritarian” isn’t something unique to the PRC, it applies to every state, though the nature of that authority depends on the class structure.
It’s state capitalism, they aren’t socialist. They are still heavily corrupt, and Xi is a wanna be dictator at best.
Their large firms and key industries are publicly owned, and central planning is the backbone of their economy. Their economic base is the public sector. This is socialism. State capitalism is when the large firms and key industries are privately owned, but directed by a strong state, like Singapore, the Republic of Korea, Bismark’s Germany, and the US post-WWII. As far as corruption, over 90% of Chinese citizens approve of their government. Xi is incredibly popular because of the anti-corruption campaigns successfully removing large amounts of opportunists.
I don’t really know what you think socialism is.
How publicly owned differs from privately owned? I assume there are no person who collects the profit, is it correct?
Public ownership is collectivized, private is individual or a group of investors. Private ownership requires profits at a systemic level (if not individually), while public doesn’t need to. Does that make sense? With collectivized ownership we can abolish the profit motive, and plan the economy more effectively.
And china doesn’t do public ownership. Xi and his cronies gobble up all the money. Plus the genocide they are doing
No, they don’t. You have no clue what you’re talking about, nor how government spending works.
I’m curious how public ownership is managed. Do they also have people in charge, but they can be elected? And what motivates their decisions?
From what I understand, with private ownership there are directors who make decisions based on profit motives. Which doesn’t always align with what consumers want. Which is bad, of course.
Depends on the system, but think of how public services are run, that’s an example.
Publicly owned (by xi), socialism would be the government actually looking out for their population, which the Chinese government doesn’t do. You know who else has overwhelming positive reviews by their population, the rest of the dictators. C’mon don’t fall for their propaganda either.
Okay, this is deeply unserious.
Xi being head of state does not mean he owns the economy. This is incredibly silly, it’s the same logic that people used when claiming Castro was incredibly wealthy, and just pointing to the GDP of Cuba as proof.
The CPC absolutely looks out for the people of China. From the highly successful poverty eradication campaign, to the consistently and dramatically rising incomes for the working class, to the large infrastructure projects, the CPC is focused on the proletariat.
A study from a western firm that found that Chinese citizens overwhelmingly approve of their government because of the dramatic and consistent improvements in their lives is absolutely proof of support for the system. It isn’t proof of Xi being a “dictator.”
Come on, this is nonsense. Please stick to reality.
Like how putin doesn’t own the economy? Lol it’s not silly at all, it’s what dictators do.
The ccp takes organs from people on the streets.
“Hows things in north Korea?”
“Can’t complain”
It’s not nonsense at all, I am sticking to reality, stop simping for a corrupt government haha
No, Putin does not own the economy, just like Trump does not own the US. This is silly. Additionally, Russia is capitalist, and the PRC is socialist.
No, the CPC does not take organs from people off the streets. This is incredibly racist propaganda, and I cannot believe you’re repeating this.
I’m not “simping” for anything, I’ve provided sources for what I’ve said, while you live in fantasy land where heads of state are owners of economies like we live in feudalism. This is nonsense. Plus, not sure why you’re bringing in the DPRK and RF unprompted, we were discussing the PRC.
Sorry, I just realized I’m in an ML comm. I see why this is happening now. Have a good day.
Yes, putin, being a dictator defacto owns the government, just like Xi, China isn’t socialist.
https://www.reuters.com/article/us-britain-china-rights/china-is-harvesting-organs-from-falun-gong-members-finds-expert-panel-idUSKCN1TI236/.
You are regurgitating Chinese propaganda, that’s why you’re simping
No, the Falun Gong is an anticommunist cult that regularly makes up shit. You are regurgitating USian propaganda, that’s why you’re malding.
Also since you are seemingly unaware, China, like north Korea is authoritarian, so the “can’t complain” joke is equally as valid
All states are authoritarian, what matters is which class is in control, the proletariat or bourgeoisie. “Authoritarian” isn’t something unique to the PRC, it applies to every state, though the nature of that authority depends on the class structure.
Why do you equate my valid criticism of the Chinese government as loving the US government? Also not American haha