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๐จ๐ณโ๏ธ Riddle me this, capitalist! If countries can only get rich by accepting capitalism, Why does Nanning, China look like this? ๐งโ๏ธ ๐ฆพ๐ฟ๐๐๐
81,861 views โข 9 months ago โขvia X (Twitter)
46 Comments

China is a capitalist economy. You are welcome

Easy, American capitalism... It looks like that because U.S. companies offshored their manufacturing to China.

You did the meme

Chinese capitalism is a little different. I'm not 100% clear on the details (and would love some actual knowledgeable feedback rather than useless simplistic memes), but my understanding is that Chinese capitalism is largely state-directed, via local government (industrial specialisation by city), which creates a kind of competitive environment - cities competing with each other - that helps to mitigate the downsides of a fully central-government led allocation of resources. Nevertheless, the scale of capital misallocation is still significant, and is likely to create massive problems for China within the next few years. It's possible that they have gone far enough in positioning themselves as the world's factory that they will be able to muddle through and then thrive again, but that's not certain.

It's not capitalism, just like the United States hasn't been a truly capitalist nation since FDR's New Deal... But, knowledgeable feedback is best understood in the context of global monetary policies and goals: I can share some keys to unlock further understanding... To better understand what China calls "democracy," I'd highly suggest reading the "whole process people's democracy" framework directly after reading (or rereading) the doctrine of fascism or really anything by Giovanni Gentile re: econ. Then, the red-green alliance (managing the decline of the west)... Check out the "Well-being" economic/ monetary models implemented under Biden's (Green New Deal) AKA the Federal Plan for Equitable Long-Term Recovery and Resilience, such as the 30x30, IOT/IOB, Justice40 playbooks, carbon markets, etc. It's identical to whole process people's democracy. China's position within the U.N., OECD, IMF, CBD, WHO, and WTO are also pivotal to understand in the context of centralized control.

China is still far behind America. Over 30 million peasants still live in caves, without running water, indoor flushing toilets, indoor heating and paved roads. 600 million peasants earn lesser than 140 US dollars per month.

There are many market-oriented capitalist elements to China's economy.

Capitalism is when market ๐ค

Because the places they dont allow tourists..basically anywhere not a major city look like this

Apparently you โforgotโ to show the underbelly.

STATE Capitalism. Youโre either a part of the CCP clubโฆ or youโre completely destroyed by the communist government. Yay! Chinaโs so great!

Because China accepted capitalism. You explained in your post.

Ok so letโs accept โcapitalismโ like China ๐ฟ

@rfcwwide Why reinvent OUR wheel?โ Clown

@rfcwwide Your wheel is running over your country lol

Well slave labor is cheap. Also they get paid thanks to America.

> slave labour > get paid PICK ONE. ๐

Uh, you realize China practices capitalism, right? Theyโre just donโt have elections and are run by the dictator communist party.

In Europe and America, our kids get snow days off from school. In China they have smog days.

Chinaโs Government utilizes Global Capitalist principals to enrich itself, while Chinaโs Government forces its citizens to live under Communist Authoritarian rule.

China got rich by adopting capitalist-style market opening after Mao's disastrous pure communism.

Sure, just do as you're told, or else. BTW, they built nice buildings in Nazi Germany too.

I think itโs called four cents an hour slave labor you stupid POS

Playing your part....

Because they borrowed & spent huge sums of money to prop up a phony GDP by building huge (poorly built) buildings that are empty. No is buying any of them. All so they could inflate the numbers. Their entire economy is a house of cards. It will eventually fall in on itself.

The people are slaves.

Do you have a source for that? Last I checked their workers got paid wages

They accepted Capitalism but not political liberty. Anything else you struggling with ?

Because the Chinese government adopted elements of capitalism as an economic strategy in the 1980s. Donโt worry though. Regular people arenโt allowed to participate or benefit. Only โapprovedโ party members have that privilege.

Saving you the time in looking up White Monkey.

Did china became rich by selling cheap stuff to capitalist countries?โฆThere is no way aroundโฆ.

Capitalism needs communism to survive is what youโre saying

@Akwenaar If anything, itโs communism that needs capitalism and its capital to survive. Assuming Chinaโs economy is communist which is not.

@KevinCastley U got it

Totalitarian Capitalism.

You might want to learn more about Chinaโyouโll find that resource allocation here is extremely irrational. What youโre seeing is only surface-level prosperity. As a Chinese person, I believe I have more standing to speak on this than you do.

Holy sht you have cities too?

This isnโt the only city in China. Their large cities put Americas large cities to shame in every way.

Slave labor

China looked like this until it adopted capitalism and then converted from communism to fascism.

Better look at the poor quality of the building. It best we do not have that type or we get this. Different cities in china, etc, bad infrastructure, no water to deal with fires. A huge spate of curroption.

Show us the rest of the country......and you really don't want to be in those buildings when the communist building standards collapse....

Are you really that stupid???

From Gemini: What is the system called in China where the Communist party still is in control but they've introduced a large degree of capitalism? The system you are describing is officially called the Socialist Market Economy (SME). This term was formally adopted by the Chinese Communist Party (CCP) in 1992 to describe a hybrid model that combines authoritarian political control with market-driven economic growth. Key Components of the System The system is often summarized by several different names depending on whether you are looking at it from an official, ideological, or external perspective: * Socialism with Chinese Characteristics: This is the broad ideological umbrella used by the CCP. It suggests that Marxism-Leninism must be adapted to China's specific cultural and historical context. * State Capitalism: Many Western economists and political scientists use this term. It describes a system where the state plays the role of the primary "capitalist"โowning major industries (State-Owned Enterprises or SOEs), directing investment through state banks, and intervening in the private sector to ensure it serves national goals. * Reform and Opening-Up (Gaige Kaifang): This refers to the historical period of transition started by Deng Xiaoping in 1978, which moved China away from a strictly Maoist planned economy toward the market-oriented system it has today. How the "Freedom" vs. "Control" Balance Works The relationship between business and the party is distinct from Western capitalism in a few major ways: How it functions in China Individuals can start businesses, own property, and accumulate massive wealth (e.g., Alibaba, Tencent), but they do not have absolute "property rights" in the Western sense. By law, private companiesโeven foreign onesโmust host "Party Committees" or cells within the company to ensure business decisions align with the CCPโs broader social and political goals. The "commanding heights" of the economy (energy, banking, telecommunications) remain under direct government ownership. The system operates on a "dual-track": the market sets prices for most goods, but the state sets the strategic direction for long-term development. Why do they call it "Socialist"? The CCP argues that this is a "primary stage of socialism." According to this theory, China must first develop its "productive forces" (technology and wealth) using market tools before it can eventually achieve a fully communist society. In the meantime, the "Socialist" label justifies the Party's absolute monopoly on political power.

If youโre going to champion communism and socialism, why donโt you just come out and say it and give your opinions straight away. Stop fucking beating around the bush. Just tell us youโre not an American.

Because after decades of poverty-stricken communism, China finally accepted capitalism? ๐คทโโ๏ธ
