• Cowbee [he/they]
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    05 months ago

    Socialism in the Marxian sense is an economy where public ownership is the principle and driving aspect of the economy, in China this is very much the case, where the vast majority of large firms and core industries are in the Public Sector. There is wealth inequality, and there are billionaires, yes, but this is an aspect that is improving over time, a process that we can track. Socialism is always a long and drawn-out process that can only truly be advanced by building up the productive forces dramatically.

    I don’t know what you mean when you say China has “Capitalism.” Capitalism and Socialism are descriptors for the broader economy as a whole, not individual portions of an economy. There is private ownership of Capital and markets, correct, but this alone does not equal Capitalism, just like a worker cooperative in the US is not an example of Socialism. If you’re interested in a Marxist perspective, I wrote a post going over how Marxists identify a system as Socialist vs Capitalist, and frequent errors made by non-Marxists (in the eyes of Marxists).

    As for Imperialism, I would like you to elaborate.

    As for fascism, that’s certainly not the case. Even if China was Capitalist, that does not inherently make it fascist, which is a specific form of Capitalism. I highly recommend you read Blackshirts and Reds if you haven’t already.

    • By imperialism I am referring to Chinese neocolonialism in Africa. As for Fascism I am referring to the Chinese system of private owmership mixed with indirect government ownership (of which the workers own none of it). In addition the vast majority of the Chinese economy is private, that makes it mixed economy at best.