The difference with China is that capitalists don’t run the government and all the core economy is publicly owned. I can highly recommend this book discussing why China is fundamentally socialist
I find that comparing how China and India developed after WW2 is illustrative as well. India took the capitalist route while China remained socialist, and the difference today is stark. India has incredible amount of poverty and the situation continues to get worse, meanwhile China is responsible for the biggest poverty elimination programs in the world. The fact that China is developing differently from capitalist nations is a good indicator that something different is happening there.
I’m learning the material and I have a few questions.
You say that in China the capitalists do not run the government. But how do you know that they do not have their own business or are not affiliated with the capitalists?
For example, in my country there is a law that does not allow deputies and the president to have their own business. But it does not work, these people simply register the business for other persons and, in fact, continue to own the business.
How China got out of poverty is amazing. But I also heard that the workers were very heavily exploited. This is one of the reasons why the US moved production there.
And even now, workers in China are paid little despite the fact that the country is rich. How can this happen in a socialist country that should protect the interests of the workers?
As for the Nordic model, you said that it is not exactly socialism: it is capitalism, but with tough rules for business and good social programs. So they more centric then leftists really. And I don’t argue with that. But I don’t understand why if the capitalists run the country, they simply won’t loosen laws to make business easier and reduce social programs? How has this system not collapsed yet?
Sorry if some of the questions seem stupid, I’m just trying to how this all works.
The difference with China is that capitalists don’t run the government and all the core economy is publicly owned. I can highly recommend this book discussing why China is fundamentally socialist
https://redletterspp.com/products/the-east-is-still-red
This was an excellent discussion on the subject as well https://www.youtube.com/watch?v=BT7Th2aV0wM
I find that comparing how China and India developed after WW2 is illustrative as well. India took the capitalist route while China remained socialist, and the difference today is stark. India has incredible amount of poverty and the situation continues to get worse, meanwhile China is responsible for the biggest poverty elimination programs in the world. The fact that China is developing differently from capitalist nations is a good indicator that something different is happening there.
Will take a look, thank you!
I’m learning the material and I have a few questions.
You say that in China the capitalists do not run the government. But how do you know that they do not have their own business or are not affiliated with the capitalists? For example, in my country there is a law that does not allow deputies and the president to have their own business. But it does not work, these people simply register the business for other persons and, in fact, continue to own the business.
How China got out of poverty is amazing. But I also heard that the workers were very heavily exploited. This is one of the reasons why the US moved production there. And even now, workers in China are paid little despite the fact that the country is rich. How can this happen in a socialist country that should protect the interests of the workers?
As for the Nordic model, you said that it is not exactly socialism: it is capitalism, but with tough rules for business and good social programs. So they more centric then leftists really. And I don’t argue with that. But I don’t understand why if the capitalists run the country, they simply won’t loosen laws to make business easier and reduce social programs? How has this system not collapsed yet?
Sorry if some of the questions seem stupid, I’m just trying to how this all works.