overview for yucandu

[–] yucandu@lemmy.world -4 points 2 days ago (1 children)

Billionaires, but not their billions?

https://sccei.fsi.stanford.edu/china-briefs/rise-wealth-private-property-and-income-inequality-china

The share of China’s national income earned by the top 10% of the population has increased from 27% in 1978 to 41% in 2015, nearing the U.S.’s 45% and surpassing France's 32%.

Why is income inequality rising? Are you saying the Chinese working class are enjoying the trickle-down benefits of billionaires getting richer?

Further, you have no proof of the PRC lying about pubkic ownership.

Again, billionaires, and their existence, is proof that the profits are not publicly owned.

Even further, they cannot indefinitely build towards Socialism.

No they can just lie and say "we're in a transitionary phase to socialism" indefinitely while being more repressively capitalist than America could ever dream of.

as firms grow and get folded into the public sector and socialization increases

Again from the same link posted above, the opposite is happening, China is privatizing.

"The state-owned (vs. privately-owned) share of China’s wealth fell from 70% to about 30%"

The presence of structures potentially contradictory to higher stages of Socialism, like banks, stock markets, and billionaires, does not mean they are not progressing towards those higher stages.

So what does then? If income inequality is rising, billionaires are getting richer, public ownership is disappearing, privatization is increasing, then what are you basing this idea that they are "progressing towards those higher stages" on?

Given our prior interactions, I already know you aren't a Marxist, why should anyone trust your evaluation of Marxism?

I'm a socialist. I'm trying to get you to think about your definitions by challenging what you believe with the facts. Like this idea that China is "working towards socialism".

Do you also believe Trump is "working towards Christian values"?

Schrödinger’s China in c/memes@lemmy.ml

[–] yucandu@lemmy.world -5 points 2 days ago (3 children)

Chinese public to Chinese billionaire: "Can I have some of our public profits?"

Chinese billionaire: "No."

Again, saying they're "public" and actually being publicly owned are two different things. The PRC is just lying. They can be in this "building towards socialism" phase indefinitely while they profit off the labour of the working class.

And a simple observation of their economic makeup will see things that you typically see in capitalist economies, like banks, and stock markets, and billionaires, things that are pretty explicitly the antithesis of Marxism.