State capitalism - isn’t that literally how China defines it’s own system? At least according to Chinese economists quoted on wikipedia?
Edit: oops, “socialist market economy” according to wikipedia, but some Chinese economist call it “state capitalism”, e.g. this Chinese professor that is connected to various Chinese think tanks https://en.wikipedia.org/wiki/Cui_Zhiyuan.
Yes, they call it socialist market economy and they follow Socialism with Chinese Characteristics officially. https://en.prolewiki.org/wiki/Socialist_market_economy. Keep in mind this is the translation from a term originally not in English, and that to them this means a bunch of things. It’s like using ‘theory’ as a layperson vs a scientist. Two different meanings that need proper contextualizing and explaining to get how it’s being used.
Even ‘state capitalism’ might mean something very different to China than it does outside, even as they use the term in English.
The link above is a bit of a read that will never be finished but it does have references and explains it.
Regarding privatization yes, China in 2005 was very different from China today. Even more so than western countries were in the same time period. In 2008 Beijing was covered in smog, ten years later it has some of the cleanest air you can get in a city this size. But it’s a big country with understandably a lot of different points of view. Economists can be wrong too, what matters is consensus.
There is no contradiction here, you can call it however you want but the truth of the matter is that capitalists hold no political power in China and it’s why the West constantly labels it an authoritarian regime, which is true, it’s authoritarian towards capitalists.
State capitalism - isn’t that literally how China defines it’s own system? At least according to Chinese economists quoted on wikipedia?
Edit: oops, “socialist market economy” according to wikipedia, but some Chinese economist call it “state capitalism”, e.g. this Chinese professor that is connected to various Chinese think tanks https://en.wikipedia.org/wiki/Cui_Zhiyuan.
Edit2: I don’t know this matter very well, but Cui Zhiyuan was criticizing sweeping privatization ~round 2005 (sauce: https://web.archive.org/web/20071214191511/http://www.greenleft.org.au/2005/619/35194), so I instantly like the guy. And he thinks China is not ML enough, so extra kisses.
Yes, they call it socialist market economy and they follow Socialism with Chinese Characteristics officially. https://en.prolewiki.org/wiki/Socialist_market_economy. Keep in mind this is the translation from a term originally not in English, and that to them this means a bunch of things. It’s like using ‘theory’ as a layperson vs a scientist. Two different meanings that need proper contextualizing and explaining to get how it’s being used.
Even ‘state capitalism’ might mean something very different to China than it does outside, even as they use the term in English.
The link above is a bit of a read that will never be finished but it does have references and explains it.
Regarding privatization yes, China in 2005 was very different from China today. Even more so than western countries were in the same time period. In 2008 Beijing was covered in smog, ten years later it has some of the cleanest air you can get in a city this size. But it’s a big country with understandably a lot of different points of view. Economists can be wrong too, what matters is consensus.
“and a leading member of the Chinese New Left, even besides he sees the Chinese New Left as neoauthoritarian”
in short, a lib. I do not get how people can read these utterings of liberal hor air and think “oh that guy must totally be a communist”.
So “let’s not privatise companies” == lib(ertarianin) for you? Yeah, we might be using words differently.
“he sees the […]] as neoauthoritarian” “new left” in a socialist state…
The former is liberal hogwash, the latter is left deviationism at best. Both together?
There is no contradiction here, you can call it however you want but the truth of the matter is that capitalists hold no political power in China and it’s why the West constantly labels it an authoritarian regime, which is true, it’s authoritarian towards capitalists.
https://redsails.org/china-has-billionaires/#conclusion
Yes, no one is arguing with that. If I came off as arguing with that, my bad.
Btw - Instead of “authoritarian towards capitalist” doesn’t it make more sense to call it “biased against capitalist” or something?
Article 1 of the constitution of the People’s Republic of China: “China is socialist”
Xi Jinping in all his speeches and books: “China is socialist”
Random
(probably liberal)economist on CIA controlled site: “China is capitalist”I wonder who to believe…
Good troll 😂