tickleandrose wrote on Jan 28
th, 2022 at 9:54am:
You have to look through the propaganda, and see the real policy underneath.
Common prosperity for all is not propaganda, it is achievable because China has all the
resources, productive capacity, and
system of government to achieve it.
Quote: It is a market capitalism, because the product that they produce, would be sold at a price acceptable to the global market. And the purchase of raw material is set at market value as well.
Yes, correct concerning the
external economy; but
internally China is implementing common prosperity for all, as noted above.
Quote:There are a mixture of state and privately owned entities, and in China, there is an emphasis on state owned. This is what the Chinese government called as the 'Chinese characteristic'. In their mind, state owned means people owned, which means socialism with an unique flavour.
Correct (more or less).
Quote:However, I do argue that, the people do not actually own the state owned company per se, it is actually controlled by the elite few, and in real life, not different to CEOs, and board share holders. So therefore, I cannot agree that this is a socialist economic system.
The highlighted: the
government owns the SOEs, not the people, but certainly neither 'the elite few'. Jack Ma certainly doesn't control the state-owned Chinese railways (the most extensive HS rail system in the world).
Quote:In a real socialist economic system, the people controls the company via democratic votes. So the workers, the cleaners, etc etc all have a vote to where the direction of the company will go, and what sort of things they will produce. Which is very similar to farmer's coop that we seen in Australia.
Regardless of what "real socialism" is, China's "socialism with Chinese characteristics" is certainly not US style capitalism.