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Why does China have so many multi billionaires if they are aiming to be a communist country?
(lemmy.world)
this post was submitted on 09 Aug 2026
737 points (95.3% liked)
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IMHO China is a more capitalist country than the USA. 12h workdays 6 days a week (996), with overtime 16h, no labour rights, no representation, only the party gets that. Flooding the markets with goods sold at a loss, to drive the other countries' industry out of business. The taxpayer subsideses the loss. And once China is the monopoly, they can charge what they want.
IMO these MAGA cunts should wet themselves at the sight of China. After all, China is more capitalist than the USA, lol.
996 has been ruled illegal since around 2021 with a great crackdown in 2025
Communism doesn't mean that everybody can slack off. If people don't work enough it's difficult for them to catch up with Capitalism, like USSR and Eastern Europe have shown.
All that work has paid off for China. Unlike any other country they have a shot at being independent from the West.
Capitalism means that the people who control the means of production also control politics. That's not true in China, so that people there can hope for a better life despite AI and robots.
True, they're minting new billionaires faster than any other country in the world.
They've also lifted 800,000,000 people out of poverty in 40 years.
Yes, they industrialized. Same thing happened more or less everywhere else, just earlier, because China stayed an agrarian society for longer than many other countries.
The reason other countries can't say the same though, is that they don't have 800,000,000 people in the first place. Well India does, but then they've also lifted a few hundred million people out of extreme poverty in the last decade or so. We'll see what the numbers are like for 2015-2055 in... 29 years I guess.
👍
lol
They are not treated like Iraq or Iran. That alone is a success, for every citizen.
The difference to the West is that the party stands above the billionaires. That means they have working healthcare despite billionaires.
We have working healthcare in most of the west, with fewer billionaires. I'd in fact say much of the west has even better healthcare than China.
The US doesn't, but then both the US and China are ultracapitalist nightmares.
How exactly are the billionaires good for China's healthcare?
Compare China to other countries that were poor in the 1970ies and China becomes impressive.
The USSR tried without billionaires and they are gone.
Europe has good healthcare because we had to look good compared to eastern Europe. We are cutting costs and in 10 years we likely will be much closer to the US system.
And China will also have to cut costs when having an aging society really hits them. Rampant capitalism won't save them there.
That's why they have an advantage over the west. They can put a limit to the Capitalism.
Your saying the working class of China has worked really hard for the ruling class in order to speed run capitalism and this proves they can become independent of the West?
Also, what you describe is not capitalism, it is fascism (state and corporate merger on policy) The answer is China has many fascist qualities just like the USA. Also, they are great because of the US not despite it.
Technically the variety of Chinese businesses proofs that and not the amount of wealth.
I wanted to say that in China the party holds the power and not the billionaires. Though nowadays billionaires can become members and corruption has given party members billions.
That just it, their goal is not to become independent. They wouldn't be propping up the entire western world right now if they wanted independence.
Nowadays China has produced more billionaires than the US for the third straight year in a row with no signs of slowing down.
They don't want to be dominated by the West. Propping up the West makes the West dependent. Still, China could stop propping at any time.