- cross-posted to:
- memes@lemmygrad.ml
- politicalmemes@lemmy.world
- cross-posted to:
- memes@lemmygrad.ml
- politicalmemes@lemmy.world
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An evil authoritarian regime that is committing human rights abuses and does not follow democratic norms … but we’ll do billions of dollars worth of trade with them and base a lot of our industries around trading with them. But they’re still evil.
Are you talking about China or the US?
yes
“Imminent collapse” is a fairly common theme among modern economies
a common theme song among capitalist economies
Love how the exact same thing is now being said about the US lmao (the collapse part at least), I LOVE the media machine
its communist, but they’ve got billionares
To get terminology out of the way, they are building towards Communism through Socialism, ie an economy where public ownership is the principle aspect of the economy. In other words, large firms and key industries are overwhelmingly publicly owned, so the Bourgeoisie doesn’t have power over the state.
Now that terms are out of the way, you’re correct, China does have billionaires. Even though that number is decreasing in recent years while working class purchasing power and wages are rising, that isn’t enough of an answer as to why they still exist. Billionaires represent a contradiction the CPC must resolve. But how is the best way to go about that? What time scale? The CPC’s role is to gradually resolve contradictions within Socialism in favor of the Proletariat in any inter-class dispute. They have to erase the foundations for billionaires, not the billionaires themselves.
I recommend checking out China Has Billionaires. The important thing to understand is that contradictions exist in all systems, and it is the process of working out these contradictions that provides room for advancement.
you know I’ve been ignoring pretty much everything you say after you said that NK is a good country
Feel free to keep letting me ratio you then 👍
Also, pretty sure you’re referring to me talking about the USSR, not the DPRK, so you can’t even get your talking points straight.
1·26 days agoJustice in Moscow
New book to epub
This was a couple of years ago but I think the numbers are still the same: sending a shipping container from Hong Kong to Newark cost about $3000 while sending the same container in the opposite direction cost about $500. This is because we badly want the shit China makes while they don’t want anything we make (the same situation that led Great Britain to force China to accept opium at gunpoint almost two hundred years ago). Sending a container to China is so cheap that for a stretch we were actually filling them with our garbage because it was less expensive to dispose of it there.
Anyone who think this represents economic weakness on China’s part is batshit crazy.
This is because we badly want the shit China makes while they don’t want anything we make
That’s not entirely true. China produces a lot of low-margin industrial goods that Americans then assemble into finished products. Americans produce an assortment of agricultural and mineral goods that are in high demand in China (oilseeds and grains, particularly soybeans, followed by mineral fuels and oil). We also produce a number of high-margin technology components (include aircraft and parts, electrical machinery and TV parts, and nuclear reactor parts and mechanical appliances) that are expensive but comparatively smaller by volume than the products China sends our way.
Think of it this way. If China sends us a pound of feathers and we send them a pound of iron, even if they’re the same price one of them is going to fill up a shipping container a lot faster than the other. The end result is a net positive number of shipping containers coming into the US.
Anyone who think this represents economic weakness on China’s part is batshit crazy.
It’s a generally symbiotic relationship and one that any neoliberal economist would laud. We’ve stratified our industrial economies such that we’re highly specialized in respective fields. It isn’t weakness on either side’s part any more than the heart is stronger/weaker than the lungs because one beats faster than the other breaths.
Oh man, nice.
China is following the playbook of Japan, South Korea, Taiwan and similar countries. The all used window guidance to quickly grow targeted industries, which actually worked very well. All of them are wealthy countries today. However that dependence on how good the window guidance is. They take on a lot of debt to invest and it only works as long as the investment is actually smart. If not the debt increases and that causes massive problems down the line. So it creates a bubble and when it pops it hurts badly. After decades of growth those bubbles probably are nasty.
What no theory does to a mf
What theory?
Political Economy, ie Marxism.
China isn’t Marxist so I’m confused wtf that has to do with anything.
The PRC is Socialist and run by Marxist-Leninists, large firms and key industries are firmly in the public sector, while the private sector is largely cooperatives, sole proprietorships, and small firms. This is classically Marxist. I elaborate more on this here.
I didn’t realize banks, financial trade, and currency were also classically Marxist.
What do the PRC do that is socialist? I’m honestly asking because I haven’t seen them do anything socialist.
Click the link, I already answered. Large firms and key industries are in the public sector, public ownership is the principle aspect of China’s economy. It is employing a Marxist strategy of building towards full socialization and abolition of the value form.
Specifically though, which part is relevant here?
Marxist economics. The reason it’s applicable is because China’s strategy isn’t at all in the same suit as Japan, the ROK, Taiwan, etc. China’s Socialist economy is built on public ownership of large firms and key industries, not just “window guidance,” and China isn’t racking up debt to do it.
China has a capitalist economy, not a socialist one.
It sounds like you’ve been soaking up Chinese propaganda!
You’re like those Christian Americans who truly believe that Trump is promoting “Christian values” despite being as far as you can get from Christian values.
All it takes for socialism is to just wave the flag and talk the talk, but not walk the walk, eh?
I explained in the other comment, public owership is the principle aspect of the PRCs economy. It isn’t so much “Chinese propaganda” as it is simple observation of their economic makeup.
