The large firms and key industries are overwhelmingly publicly owned, public ownership is the principle aspect of the economy. Capitalism isn’t just “markets,” it’s when private ownership is the principle aspect of the economy. In the PRC, public ownership is principle.
The working class has recieved dramatic increases in real wages year over year consistently for decades. Development and planning of the economy puts the working class first, which is why their conditions habw improved dramatically. The CPC is not a bourgeois party.
I don’t. China is VERY capitalist, it’s just that the people profiteering are almost only state officials.
This is wrong on both counts.
The large firms and key industries are overwhelmingly publicly owned, public ownership is the principle aspect of the economy. Capitalism isn’t just “markets,” it’s when private ownership is the principle aspect of the economy. In the PRC, public ownership is principle.
The working class has recieved dramatic increases in real wages year over year consistently for decades. Development and planning of the economy puts the working class first, which is why their conditions habw improved dramatically. The CPC is not a bourgeois party.
For further reading:
Qiao Collective’s Introductory Socialism with Chinese Characteristics Study Guide
Socialism with Chinese Characteristics ProleWiki page
Socialist Market Economy ProleWiki Page
People’s Republic of China ProleWiki Page
My “Read Theory, Darn It!” Introductory Marxist-Leninist Reading Guide
Has China Turned to Capitalism? Reflections on the Transition from Capitalism to Socialism by Domenico Losurdo
China Has Billionaires by Roderic Day
The Long Game and its Contradictions