Post #2587517
2026-05-15 11:51 UTC
That’s not what I mean by “principal.” The principal aspect of something is that which is rising, dominant, and determines the character of a system. In China, the commanding heights of industry are overwhelmingly publicly owned. Private ownership is largely of the petty type, or in secondary/high competition categories, with more state oversight the larger and more important the industry is.
As these firms grow, they are gradually folded into the public sector. Capital exists in a birdcage that the CPC can gradually tighten as they please, thanks to the political power they have, and they allow capital to serve the purpose of building up the productive forces to service the future economy that is more publicly planned.
Replies (1)
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@racketlauncher831@lemmy.ml 2026-05-15 13:13
Excuse me, sir, although what you said could be true taken straight from a textbook, the reality is corporations in China are abusing (“996” while paying you scrap, firing you without compensation etc.) the working class, so bad that people with lower income would rather live off their parents’ pension than finding a new job. I don’t know how much of the money “earned” by those firms folded into the puclic sector, but I do know public service, especially public transportation is becoming worse by month. Where did those tax money go???