Post #4381553

2026-08-04 18:49 UTC

Wrong. The PRC is a mixed economy, where the socialist, publicly planned sector predominates, and a smaller capitalist sector. The DPRK is similar but has effectively no capitalist sector. Is China State Capitalist? The backbone of the economy is state ownership and socialist planning. 24 / 25 of the top revenue companies are state-owned and planned. 70% of the top 500 companies are State-owned. 1, 2 The largest bank, construction, electricity, and energy companies in the world, are CPC controlled entities, subject to the 5 year plans laid out by the central committee. Workplace democracy in action in the CPC. Is modern day china communist? Is it staying true to communist values? Didn’t China go Capitalist with Deng Xiaoping? Didn’t it liberalize its economy? Is China’s drastic decrease in poverty a result of the increase in free market capitalist policies? Is the CPC committed to communism? The Long Game and Its Contradictions. Audiobook The myth of Chinese state capitalism. Did Deng really betray Chinese socialism? Tsinghua University- Is Socialism with Chinese Characteristics real socialism, or is it state Capitalism? Isn’t China revisionist for having a capitalist sector of the economy, and working with capitalists? Why isn’t it fully planned like the USSR was? Castro on why both China and Vietnam are socialist countries. Roderic Day - China has billionaires. What is socialism with Chinese characteristics (SWCC)? How is SWCC not revisionist? How is it any different from Gorbachev’s market reforms?, 2 Domenico Losurdo - is China state capitalist?, 2 Did Lenin say anything about Market Socialism, or productivism? Vijay Prashad - Is China capitalist? Why do Chinese billionaires keep ending up in prison? Why are many billionaires and CEOs going missing? China sentences Ex-Chairman of a major bank, guilty of embezzling ~$100M USD, to death in 2019.

Replies (1)

@Cowbee@lemmy.ml 2026-08-04 19:02

I don’t think it makes sense to classify the private sector as the “capitalist” sector, and the public sector as the “socialist” sector. The same would be true in the US Empire, with the military and whatnot as the “socialist” sector of the economy. The actual identity of an overall economy is in the principal aspect, and this is crucial because the rest of the economy, even if it isn’t within said principal aspect, is constantly either reinforcing or working its way towards said principal aspect. This, I think, is the most useful way to explain to newcomers why China is socialist. It isn’t about ratios of public to private, nor about being mixed, as nearly all economies are de facto mixed, even if de jure they are not. We can instead identify and explain this principal aspect as a use of dialectical and historical materialism. Awesome sources though!

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