If you use a non-traditional definition of Capitalism, I suppose, and you are referring to quantity, not power or percentage of the economy. They are more accurately described as a Socialist Market Economy, relying on state owned heavy industry (steel, banking, energy, transportation) and heavily controlled and planned private owned light industry (many consumer goods, clothing, gaming, etc). That’s a major oversimplification, of course, but they run on Marxist-Leninist conceptions of economics.
I don’t think that’s accurate, though. If we look at the makeup of the NPC, it is largely Proletarian, and this infographic shows how the democratic structure of the CPC works. Most of all, though, the Trotskyist notion that public ownership and planning isn’t “true Socialism” if it isn’t done purely horizontally is pretty clearly a misunderstanding of Marxian economics and class dynamics.
Technical clarification: China is already Socialist, at least in the Marxist conception. What they are working on is reaching further and further stages of Socialism and increased socialization of the economy through focusing on both developing the productive forces and alleviating poverty.
China good because capitalism bad.
I know this is a joke, but China has more capitalism than the US.
If you use a non-traditional definition of Capitalism, I suppose, and you are referring to quantity, not power or percentage of the economy. They are more accurately described as a Socialist Market Economy, relying on state owned heavy industry (steel, banking, energy, transportation) and heavily controlled and planned private owned light industry (many consumer goods, clothing, gaming, etc). That’s a major oversimplification, of course, but they run on Marxist-Leninist conceptions of economics.
they’re a deformed proletarian state.
I don’t think that’s accurate, though. If we look at the makeup of the NPC, it is largely Proletarian, and this infographic shows how the democratic structure of the CPC works. Most of all, though, the Trotskyist notion that public ownership and planning isn’t “true Socialism” if it isn’t done purely horizontally is pretty clearly a misunderstanding of Marxian economics and class dynamics.
china is transitioning to socialism, they have a somewhat free market still.
if they are doing capitalism better than the us, thats on the us honestly.
Technical clarification: China is already Socialist, at least in the Marxist conception. What they are working on is reaching further and further stages of Socialism and increased socialization of the economy through focusing on both developing the productive forces and alleviating poverty.