China isn't "communist" in the old Maoist sense it's the world's most dynamic capitalist market today.
Deng Xiaoping's reforms were pure capitalist genius, decollectivizing agriculture, creating Special Economic Zones, welcoming foreign investment, and letting markets allocate resources where central planning had failed miserably. Hundreds of millions lifted out of poverty in a single generation, the greatest anti-poverty achievement in human history. Dengism proved that pragmatic market incentives, competition, and entrepreneurship work better than ideology. From a true capitalist viewpoint, this was masterful, "It doesn't matter if the cat is black or white, as long as it catches mice."
>>China abides by the raw logic of the free market more purely than the USA. Unfettered competition, massive private sector growth (especially early on), and letting winners win.
>>As Adam Smith observed in the dynamics of commercial society, successful true capitalism naturally concentrates wealth and leads toward more socialized outcomes through its own success exactly what we're seeing as China's development matures into broader shared prosperity under the Party's stewardship. Pure capitalism, refined, evolving towards socialism, as Smith predicted.
>>Compare that with the United States, a corporatist, state capitalist racket. Big monopolies and connected firms get bailed out, subsidized, and protected by regulators. Market manipulators, lobbyists, and too big to fail banks are rewarded with favorable rules, while genuine competition and market demand supply are punished.
>>The revolving door between Washington and Wall Street picks winners and it's cronyism dressed up as "capitalism."
>>China rewards results and scale in the market while America increasingly rewards political connections.
The future belongs to whoever actually practices capitalism without the hypocrisy. Deng understood this better than most modern "free market" advocates.
5 posts and 1 image reply omitted.>>2838226It was bullshit even in the 1700s.
"Free" markets and "state" capitalism are both myths. Every economy on Earth is a combination of both private and state control. These are primarily political labels that countries use to smear other countries as part of the soft power propaganda battle. Capitalism is the problem, whether in China, or the USSR, or the USA, or the Moon, or Andromeda, or wherever.
>>2838412fuck spengler, fuck noske, and fuck "prussian socialism"
North Korea is on the logical path towards anarcho-communism, whereas China is just on the logical path towards beating the enemy at their own game of economic mastery.
No the real answer is that the rate of profit is still high in China so they can afford to do capitalism the efficiency way, while it has collapsed in the West so the West has to do shit like outsourcing, increasingly cost imperialism, monopolies, financial scamming etc.