freediver wrote on Jun 28
th, 2024 at 9:44am:
But they were actual communists back then, dedicated to equality of outcome.
But they aren't now: there are 800 billionaires in China created since Deng's free-market reforms in 1980, nevertheless Xi has lately woken up to
the limits of "free markets" introduced by Deng, and has realized
houses are for living in, not as investment vehicles in a private personal-profit-seeking free-market. And the CCP has also cracked down on IPOs whose purpose is to create millionaires on the backs of the small investors who lose out.
Quote:The fact that the CCP finally, after a century and after killing about 100 million of its own citizens, realises that capitalism does a better job of poverty reduction, does not change the CCP's history or fundamental culture.
Addressed and refuted above.
Xi is reforming the economy, again, now that Deng's reforms are no longer engendering common prosperity, hence the CCP has had to bail out Evergande et al to avoid a US-style free market property crash.
Indeed, the world is now increasingly coming to understand the fraud that is promulgated by democracy; nations everywhere are bankrupt or forced to implement 'austerity' by the criminal IMF while billionaires are laughing all the way to the bank. (Apparently the world's first $trillionaire is likey to appear in a decade or so, as feared by Oxfam). Total economic dysfunction while a billion Aficans are living in absolute poverty, wondering why democratic elections do not increase their standard of living....even getting rid of Apartheid changed nothing for S. African blacks' standard of living
Again the IMF is a villain: when the Kenyan govt. tried to raise taxes to decrease the national debt as required by the IMF, naturally the poverty-level citizens rioted - revealing the economic dysfunction caused by obsolete economic othodoxy promulgated by the IMF ( a US stooge).
And the standard of living is falling in Britain, people are living in tents in California along side Zukerberg.
Democracy is a fraud Quote:TGD:
it was the hard work of the Chinese people governed by a single authority which increased the standard of living, after China became the world's factory.
You are confused. These are
not mutually exclusive.
Correct (for once).
Western companies chasing cheap labour enabled faster techology transfer to occur in China, but it was the CCP who caused it to happen (by opening up), thereby becoming the world's factory (cf eg, India).
Quote:The foreign investment poured in because the Chinese people were willing to work hard. Yet, they also worked hard when Mao was starving them to death in their millions.
Your error: foreign investment started pouring in after Deng's opening up, not before.
Quote:You complain about me characterising Mao's effort at starving 50 million people to death by trying to feed them all equally,
Wrong agian, I complain about you conflating 'communism" with "equality of outcome" - your definition of communism,
not the CCP's, since Deng. Your attempt to smear the
present-day CCP, on the basis of your definition of "communism" and CCP policies enacted half a century ago, is illogical - a speciality of your blind "freedom values" ideology blithely content with the disintegrating, dysfunctional democracies all around the world. (Biden argung with Trump in today's "debate" re who is the better golf player....a wonderful manifestation of the 'quality' of thought and politcal debate in 'blind leading the blind' democracies)..
Hence my yen for a consensus meritocracy, fgs...
Quote: but in the same post conflate inequality with poverty. Remember, our welfare payments are more than double the median Chinese wage.
Your errors:
1. I don't conflate inequality with poverty, I point to extreme inequality as a manifestation of systemic economic dysfunction (instituted by the IMF down).
Even China is hindered by the
economic dysfunction engendered by the current global financial system (requiring balanced government budgets).
2. Are you dementing? Stop reposting your ignorance which I have already exposed in previous posts. (Chinese farmers are better off than Oz dole recipients).
Conclusion: Democracy under the aegis of the IMF is a fraud. The Brits are dismayed by what either side has to offer, while their standard of living continues to fall - except for the City of London
finacial casino operators who are laughing all the way to the bank.