I posted that one comment from another thread on lemmygrad on the reddit thread, an analysis of why China is socialist. I’ll put it in the comments.
I posted that one comment from another thread on lemmygrad on the reddit thread, an analysis of why China is socialist. I’ll put it in the comments.
Wrong. China is a mixed economy, with the state-owned enterprises dominating the economy, in nearly every industry. What private capital does exist, is in SEZs (special economic zones), and it is restricted and limited by the state, to serve its long-term goals. The chinese people collectively own the economy, the socialist surplus being used to eradicate poverty and raise the average wage by 4x in the previous 25 years.
Socialism doesn’t mean you don’t have a boss, buy stuff, or pay for housing.
Approx. half the economy is state-owned and half private, including outside the SEZs. I’d question whether state ownership can really be described as ‘worker ownership’ but regardless China has significant private business.
Again, I support the CPC and its project, but describing China as a place with complete worker ownership and no private property is patently false.
Why are they a mixed economy and not just a socialist market economy? Or does the latter mean the former and I’m a dope
Both are correct. I spose the latter is more talking about how goods are distributed(via a market), whereas mixed economy refers to ownership and the form of surplus (both socialist and capitalist). China undeniably has capitalist companies, but the state and state-owned enterprises are dominant in every industry, must adhere to the plans set out by the state, etc.
Because like 60% of their economy is on owned and centrally planned.
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