There is SO much misunderstanding about China that it’s mind-boggling.
Their people own the means of production. Profits are used to meet the needs of the people, keeping wealth from being hoarded by individuals and thus slowing the flow of money. Their governmental structure is FAR more representative of the people than the US’s is. Their expansion of high speed rail has been phenomenal. “All the same exploitation” with none of the problems caused by late stage capitalism.
Maybe you should try talking to people who live and work there.
China has billionaires and a stock market. That means the workers are not getting the full value of their labor.
The workers DO NOT own the means of production. The state holds a share in their name but that isn’t the same since the state is totalitarian.
They have most of the same issues as a late stage capitalist nation in that they have the corruption, the wealth inequality, and all the same pollution.
There isn’t so much misinformation on China except for the sources you seem to buy into. China is factually speaking an unfree nation and is one of the least free populations on earth.
The only one telling tall tales is the one claiming the workers own the means of production in China when you have an investor class in China that gets profits from work they do not do.
You cannot own the means of production if someone else owns your employer. Chinese workers at large companies do not own the means of production. The shareholders own the means of production.
China gave up on socialism in all but name 25-30 years ago.
There is SO much misunderstanding about China that it’s mind-boggling. Their people own the means of production. Profits are used to meet the needs of the people, keeping wealth from being hoarded by individuals and thus slowing the flow of money. Their governmental structure is FAR more representative of the people than the US’s is. Their expansion of high speed rail has been phenomenal. “All the same exploitation” with none of the problems caused by late stage capitalism. Maybe you should try talking to people who live and work there.
China has billionaires and a stock market. That means the workers are not getting the full value of their labor.
The workers DO NOT own the means of production. The state holds a share in their name but that isn’t the same since the state is totalitarian.
They have most of the same issues as a late stage capitalist nation in that they have the corruption, the wealth inequality, and all the same pollution.
There isn’t so much misinformation on China except for the sources you seem to buy into. China is factually speaking an unfree nation and is one of the least free populations on earth.
Cool story bro
The only one telling tall tales is the one claiming the workers own the means of production in China when you have an investor class in China that gets profits from work they do not do.
None of what you have said has negated my statements, and Chinese billionaires do not own the state like American and Russian oligarchs do over the US
It does if you understand what those words mean.
You cannot own the means of production if someone else owns your employer. Chinese workers at large companies do not own the means of production. The shareholders own the means of production.
China gave up on socialism in all but name 25-30 years ago.