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Yogthos

@lagunacafe saying that China is capitalist because it hasn't been able to rid itself of capitalism at this stage makes as much sense as saying that Canada is communist because it has social services like free healthcare.

4 comments
laguna.cafe

@yogthos that sentence doesn't make any sense lol

Canada has free healthcare like many capitalist countries, state spending and social welfare programs have been an integral part of capitalism for a long time.

China likewise has a large welfare state. Ironically healthcare is not free in China.

Both are capitalist countries, and their economies are intertwined to a large degree.

Yogthos

@lagunacafe that actually makes perfect sense, because presence or absence of a certain thing doesn't make a state capitalist or socialist.

Suggesting that shows an incredibly superficial understanding of socialism and communism.

What makes China socialist is the fact that the core economy is under public ownership and that it's guided by a communist party through the socialist stage towards communism as the ultimate goal.

laguna.cafe

@yogthos

Can you explain to me the role billionaires play in the transition to socialism?

Yogthos

@lagunacafe sure, China had a choice to isolate yourself the way USSR did and spend tremendous amounts of resources on its military, or it could make concessions to global capitalism and make itself look ideologically non threatening to the west.

These concessions allowed China to bootstrap its technology and manufacturing from western companies and avoid having to spend huge amount of resources on the military.

Seems to me that this was a very wise choice in retrospect.

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