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this post was submitted on 10 Apr 2024
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I'm amazed China's market had already been 95% privatized.
China's whole deal is to let the national bourgoisie to the initial development and then merc them and take it over once it reaches 1st world standards. they had a big job in urbanising a billion people, and they had far less development than the Soviets.
Hell they don't even need to merc them, capitalist development requires catastrophes, and you just move in to actually clean up the mess and take over ownership. It's only in backwards ass countries like the U.S. that you bail them out and let them maintain ownership. Dictatorship of the bourgeoisie indeed.