Why do you say China is becoming “more Capitalist and less Socialist?” The PRC is gradually increasing control of the Private Sector as it develops and folds it into the Public Sector. That could have been true in the 90s, but we are almost in 2025 and have seen decades of the opposite of what you describe.
Source for increasing control of the private sector? Is there a study of share of gdp public vs private or something? Because I’m seeing the opposite trend.
Disparity is rising, as are real wages. The Private Sector is seeing larger stratirication of overall wealth, but the purchasing power and real wages of workers is rising at a much higher rate. Eventually this will need to be combatted, yes, but the trends are very positive for the working class, which is the overall goal of Socialism.
The overall goal of Socialism is the liberation and improvement in the lives of the Proletariat. The central belief of Socialists is that at higher stages in development, Public Property is more efficient at that than Private Property, but that at different phases in development each form of property is more or less efficient.
Marxism posits modes of production as phases related to technological and industrial development. The more complicated the industry, generally, the longer Private ownership and competition remains useful. However, at a certain point, it’s better to fold into the public sector as you have more access to information and better oversight. China often employs both via State Owned Enterprises that compete in Markets under the ownership and direct guidance of the CPC.
I doubt you actually read the data I linked in that short of a time period, moreover I don’t know why you want to compare Public to Private with respect to Value.
I skimmed it and didn’t see a private vs public means of production graph over time. It looked more like just a list of articles that agree with you than data.
If you want to compare just the number of means of production controlled by private vs public, that’s fine, but it’d be much more easily skewed by small industries. So weighting by value would help get an overall picture. But just by number is fine.
The way in which the PRC handles Public vs Private property is along the basis of “don’t” privatize xyz sectors as a fundamental, such as banks, energy, the steel industry, etc. The growth of the Privtate Sector does not imply a shrinking Public Sector or a shift towards privatization, but that the Private Sector has succeeded in high growth, as is its purpose in these underdeveloped industries.
Thanks for the article, looks like it’s arguing SOEs are growing, which makes sense. They usually grow. Looks like it’s difficult to determine if SOEs are growing at the same rate as non SOEs though.
Why do you say China is becoming “more Capitalist and less Socialist?” The PRC is gradually increasing control of the Private Sector as it develops and folds it into the Public Sector. That could have been true in the 90s, but we are almost in 2025 and have seen decades of the opposite of what you describe.
Source for increasing control of the private sector? Is there a study of share of gdp public vs private or something? Because I’m seeing the opposite trend.
https://sccei.fsi.stanford.edu/china-briefs/rise-wealth-private-property-and-income-inequality-china
https://www.statista.com/chart/25194/private-sector-contribution-to-economy-in-china/
You’re confusing wealth with percentage of production. The Private Sector is profit driven, which naturally trends towards more wealth production. Regardless, here is data going over the trends in production in the PRC and why it is Socialist, rather than Capitalist.
Inequality is also growing
Trends in China’s income inequality: 1978–2015
Disparity is rising, as are real wages. The Private Sector is seeing larger stratirication of overall wealth, but the purchasing power and real wages of workers is rising at a much higher rate. Eventually this will need to be combatted, yes, but the trends are very positive for the working class, which is the overall goal of Socialism.
What is the overall goal of socialism? To increase our purchasing power and real wages of workers? Because I’m incredulous of that.
The overall goal of Socialism is the liberation and improvement in the lives of the Proletariat. The central belief of Socialists is that at higher stages in development, Public Property is more efficient at that than Private Property, but that at different phases in development each form of property is more or less efficient.
At what stage does China think private property is more efficient? Ever?
Marxism posits modes of production as phases related to technological and industrial development. The more complicated the industry, generally, the longer Private ownership and competition remains useful. However, at a certain point, it’s better to fold into the public sector as you have more access to information and better oversight. China often employs both via State Owned Enterprises that compete in Markets under the ownership and direct guidance of the CPC.
Do you have a graph of percentage of production over time? Maybe weighted by value?
I doubt you actually read the data I linked in that short of a time period, moreover I don’t know why you want to compare Public to Private with respect to Value.
I skimmed it and didn’t see a private vs public means of production graph over time. It looked more like just a list of articles that agree with you than data.
If you want to compare just the number of means of production controlled by private vs public, that’s fine, but it’d be much more easily skewed by small industries. So weighting by value would help get an overall picture. But just by number is fine.
The way in which the PRC handles Public vs Private property is along the basis of “don’t” privatize xyz sectors as a fundamental, such as banks, energy, the steel industry, etc. The growth of the Privtate Sector does not imply a shrinking Public Sector or a shift towards privatization, but that the Private Sector has succeeded in high growth, as is its purpose in these underdeveloped industries.
Further, here’s a work on the control of the economy and its trends over time (paywalled, unfortunately). Here’s a non-paywalled scholarly article on the growth of State control over the Private Sector.
Thanks for the article, looks like it’s arguing SOEs are growing, which makes sense. They usually grow. Looks like it’s difficult to determine if SOEs are growing at the same rate as non SOEs though.
Depending on how you count things, SOEs are either failing behind or catching up.
https://onlinelibrary.wiley.com/doi/full/10.1111/1756-2171.12395
But it looks like there are fewer and fewer SOEs over time.
https://www.nber.org/digest/jun15/chinas-state-sector-transformed-not-so-privatized
I think you need to read the article more:
The CPC’s strategy since Deng has been to invite investors to help industrialize at a rapid pace, while maintaining state supremacy and guidance.