Social stability is when no porn 😔
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I don’t think it’s controversial to suggest that the US economy is heavily guided by the profit motive, and that megacorps control the state, while the PRC has been utilizing a largely planned economy to achieve large infrastructure goals and long-term plans. Even if you’re anti-PRC, this is just indisputable.
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The PRC has markets, but the overwhelming majority of large firms and key industries are state owned and planned. Even the medium firms are controlled by the golden share system. The PRC’s corruption got pretty bad in the 90s and 2000s, but Xi’s career has been so successful due to running a strong anti-corruption campaign. The PRC is socialist.
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Their large firms and key industries are publicly owned, and central planning is the backbone of their economy. Their economic base is the public sector. This is socialism. State capitalism is when the large firms and key industries are privately owned, but directed by a strong state, like Singapore, the Republic of Korea, Bismark’s Germany, and the US post-WWII. As far as corruption, over 90% of Chinese citizens approve of their government. Xi is incredibly popular because of the anti-corruption campaigns successfully removing large amounts of opportunists.
I don’t really know what you think socialism is.
How publicly owned differs from privately owned? I assume there are no person who collects the profit, is it correct?
Public ownership is collectivized, private is individual or a group of investors. Private ownership requires profits at a systemic level (if not individually), while public doesn’t need to. Does that make sense? With collectivized ownership we can abolish the profit motive, and plan the economy more effectively.
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socialism would be the government actually looking out for their population, which the Chinese government doesn’t do.
- The real wage (IE the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. This is staggering considering it’s the most populous country on the planet. The US real wage by comparison is lower in 2019 than it was in 1973.
- Workplace democracy in action in the CPC.
- US Life expectancy peaked in 2015, is on the decline, and is now lower than in China. 2
- Wages themselves are forced to rise in the private sector by the CPC (+16% every years, +400% since 1980) who force the capitalists to accept the presence of CPC chapters who represent the interest of the workers, increasing workers control even in the capitalist parts of the economy.
- Eliminated Urban Poverty. On track to eliminate all poverty within a decade.
- CGTN documentary - China’s war on poverty
- What kind of democracy does China have, and how is it different from the west?
- In contrast to low US political approval ratings, 96% of Chinese are satisfied with the national government (Edelmans 2016). World Values Surveys says that 83% think the country is run for their benefit rather than for the benefit of special groups. A Harvard research center study of long-term public opinion survey finds that > 95% of Chinese citizens approved their government. How is this possible in a one-party state? (TED talk by Eric X Li)
Okay, this is deeply unserious.
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Xi being head of state does not mean he owns the economy. This is incredibly silly, it’s the same logic that people used when claiming Castro was incredibly wealthy, and just pointing to the GDP of Cuba as proof.
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The CPC absolutely looks out for the people of China. From the highly successful poverty eradication campaign, to the consistently and dramatically rising incomes for the working class, to the large infrastructure projects, the CPC is focused on the proletariat.
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A study from a western firm that found that Chinese citizens overwhelmingly approve of their government because of the dramatic and consistent improvements in their lives is absolutely proof of support for the system. It isn’t proof of Xi being a “dictator.”
Come on, this is nonsense. Please stick to reality.
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factual history
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