Quote (Saucisson6000 @ Apr 10 2018 09:43am)
China is authoritarian capitalism on steroids. They long ago abandoned any semblance of communism. Even Mao admitted he wasn't a communist.
Quote (Mao Tse-tung)
The present-day capitalist economy in China is a capitalist economy which for the most part is under the control of the People's Government and which is linked with the state-owned socialist economy in various forms and supervised by the workers. It is not an ordinary but a particular kind of capitalist economy, namely, a state-capitalist economy of a new type. It exists not chiefly to make profits for the capitalists but to meet the needs of the people and the state. True, a share of the profits produced by the workers goes to the capitalists, but that is only a small part, about one quarter, of the total. The remaining three quarters are produced for the workers (in the form of the welfare fund), for the state (in the form of income tax) and for expanding productive capacity (a small part of which produces profits for the capitalists). Therefore, this state-capitalist economy of a new type takes on a socialist character to a very great extent and benefits the workers and the state.
Except, capitalism always progresses into oligarchy and authoritarianism. Mao was blind.
This post was edited by inkanddagger on Apr 10 2018 12:08pm