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Yogthos

@lagunacafe China is not effectively managed capitalism, or anything close to it. All the essential industry in China is state owned, it's governed by a communist party, and it demonstrably does not act like a capitalist country.

If China was capitalist then we'd see the same things happening there that we see happening in actual capitalist countries.

India is a perfect example of what capitalist path of development looks like.

22 Aug 2022 at 3:22 | Open on mas.to
4 comments
laguna.cafe

@yogthos we do see the same things happening in china as other capitalist countries, there's currently a housing crisis do to schumbag landlords and developers, workers unions are repressed, sometimes violently, the rich get richer the poor get poorer, there's also the turn towards nationalism and cultural conservatism.

22 Aug 2022 at 6:33 | Open on libretooth.gr
Yogthos

@lagunacafe no we absolutely do not see same things happening in China as other capitalist countries. Here's what we actually see happening:

currentaffairs.org/2019/07/5-m

cgdev.org/blog/12-things-we-ca
22 Aug 2022 at 11:35 | Open on mas.to
Yogthos
Yogthos

@lagunacafe
Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. This is staggering considering it’s the most populous country on the planet.
youtube.com/watch?v=Cw8SvK0E5d

22 Aug 2022 at 11:36 | Open on mas.to
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