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@Cowbee@lemmy.ml

Post #2513572

2026-05-13 12:27 UTC

China has billionaires because it has private property, and it has private property as a concession to help speed up and smooth out development, keep it tightly interconnected on the global stage, and for technology transfer. Socialism is not “0 billionaires,” it’s a transitional mode of production that carries characteristics of the former mode of production and the new.

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