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Tank engine (lemmy.ml)
submitted 11 months ago by geneva_convenience@lemmy.ml to c/memes@lemmy.ml
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[-] Cowbee@lemmy.ml 16 points 11 months ago

What did the report say? Lmao

[-] davel@lemmy.ml 14 points 11 months ago

Reason: "state capitalist"

Hence my reply:

Because the Chinese state has fiat monetary sovereignty, it doesn’t function in the capitalist mode. It has no need to make a profit because it has infinite money[1]. It doesn’t need to extract surplus value from workers to satisfy investors, and it doesn’t even need to break even. The logic of capitalism doesn’t apply.

Ultras fear the scroll.

this post was submitted on 31 Jan 2025
318 points (77.6% liked)

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