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submitted 8 months ago by nekandro@lemmy.ml to c/worldnews@lemmy.ml
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[-] FlorianSimon@sh.itjust.works 9 points 8 months ago* (last edited 8 months ago)

The means of production are mostly out of the hands of private hands though, and are in the hands of the state, which does not run the economy for pure profits for the very few. Private property is (thankfully) less of the sacrosanct guiding principle it is in the West.

It's definitely not "public" as we leftists think it should be, and corruption gets in the way, but I don't think capitalism is the right word to describe the economic model of China. State "something", sure, state capitalism, hell no. The goal is not accumulation of capital.

I agree it's not socialism though, because I feel that the state is too much of a self-preserving entity that outlived its purpose as the mean to establish a dictatorship of the proletariat.

this post was submitted on 02 Feb 2024
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