China isn’t a communist country really. A state capitalist country would be better way to describe it, maybe. They participate in the markets and allow private ownership of companies. For instance BYD the fast coming EV manufacturer isn’t majority owned by their federal government, but is subsidized by it.
People can argue if it is or isn’t capitalism, but in the end that doesn’t say communism. I’m no expert but I’d say maybe a social programs injected into a authoritarian capitalistic state.
Ehh, the capitalist class doesn’t call the shots in China though, the party does. And their private corporations don’t simply have shareholders, it has party representation embedded in the control structure making “ownership” moot because ultimately the party can veto or seize production at moments notice.
That being said, when Xi starts claiming socialism is inevitable, he does so to delay it’s implementation.
Yeah companies like BYD have investors like Berkshire and Blackrock but the key is Wang Chuanfu who is in the party, and is the CEO and largest owner apparently. So he gets a lot of say in making himself richer apparently. Sounds like what Musk would have wanted for Tesla if he could have got MAGA off the EV hate
China isn’t a communist country really. A state capitalist country would be better way to describe it, maybe. They participate in the markets and allow private ownership of companies. For instance BYD the fast coming EV manufacturer isn’t majority owned by their federal government, but is subsidized by it.
People can argue if it is or isn’t capitalism, but in the end that doesn’t say communism. I’m no expert but I’d say maybe a social programs injected into a authoritarian capitalistic state.
Ehh, the capitalist class doesn’t call the shots in China though, the party does. And their private corporations don’t simply have shareholders, it has party representation embedded in the control structure making “ownership” moot because ultimately the party can veto or seize production at moments notice.
That being said, when Xi starts claiming socialism is inevitable, he does so to delay it’s implementation.
Yeah companies like BYD have investors like Berkshire and Blackrock but the key is Wang Chuanfu who is in the party, and is the CEO and largest owner apparently. So he gets a lot of say in making himself richer apparently. Sounds like what Musk would have wanted for Tesla if he could have got MAGA off the EV hate