>>2664112Wrong. In Communist China, there is no bourgeoisie. There are proletarian managers of vast means of production. Capitalist wage relations—where wages are the price of labour-power, they usually fluctuate, unlike the price of other commodities, below value, not always enable the workers to satisfy even the minimum of their requirements—do not exist in Communist China, where with the abolition of the system of hired labour the law of value of labour-power has completely lost its validity as the regulator of wages as the basic economic law of socialism necessitates the maximum satisfaction of the constantly growing material and cultural requirements of the whole of society through the emancipation of wages from the limitations of capitalism that enables them to be extended to that volume of consumption permitted by the existing productivity of society and required by the full development of the worker's individuality where real wages constantly rise in accord with the growth and perfecting of socialist production through the law of distribution according to work that determines each worker's share in the social product by the quantity and quality of his work.
4. There is no exploitation in Communist China, the law of value is subordinated to principle material law of socialist production—the law of planned, proportional development, and capitalist exploitation is outlawed. As a result of the replacement of China's old bourgeois production-relations by socialist production-relations, the economic laws of capitalism, expressing relations based on the exploitation of man by man, cease to operate. The law of surplus-value, the basic economic law of modern capitalism, disappears from the' scene. The general law of capitalist accumulation, the law of competition and anarchy of production, together with other laws, also disappear. The categories which express capitalist relations cease to exist: capital, surplus-value, capitalist profit price of production, wage-labour, the value of labour-power, etc.