• JohnDClay@sh.itjust.works
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    7 days ago

    Thanks for the article, looks like it’s arguing SOEs are growing, which makes sense. They usually grow. Looks like it’s difficult to determine if SOEs are growing at the same rate as non SOEs though.

    Depending on how you count things, SOEs are either failing behind or catching up. https://onlinelibrary.wiley.com/doi/full/10.1111/1756-2171.12395

    But it looks like there are fewer and fewer SOEs over time. https://www.nber.org/digest/jun15/chinas-state-sector-transformed-not-so-privatized

    • Cowbee [he/they]@lemmy.ml
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      7 days ago

      I think you need to read the article more:

      Large public companies have been opened to individual investors, but control remains firmly in the hands of the central government.

      The CPC’s strategy since Deng has been to invite investors to help industrialize at a rapid pace, while maintaining state supremacy and guidance.

      • JohnDClay@sh.itjust.works
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        7 days ago

        All the metrics I’ve found have indicated China is moving towards capitalism/private ownership and away from socialism/public ownership. If you can find data/a graph that shows otherwise, we can continue the conversation.

        • Cowbee [he/they]@lemmy.ml
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          7 days ago

          I’m telling you that seeing the overall system as a balancing act between Capitalism and Socialism is wrong. Socialism and Capitalism are terms for the broader system, not individual elements within it. Conflating public ownership with Socialism itself and Private Ownership with Capitalism itself is an anti-Marxist view of Capitalism and Socialism as systems. I already linked 2 scholarly articles showcasing the trends towards constraining the Private Sector and expanding government control over it.

          If you are going to hinge continuing this conversation on whether I play by your mistaken conceptions of Socialism, then I fear this isn’t going to be productive anyways, regardless of what I provide.