The problem is that it obviously allows exploitation of the proletariat and concentration of capital, resulting in a myriad of social problems. It also risks giving the bourgeoisie too much power, which should be constantly put in check to make sure capital cannot touch the political institutions.
So would you say then that the Chinese economic model has to eventually become completely planned to get rid of these contradictions?
The Chinese economic model is already completely planned, the difference is that the market is part of their plan. Each enterprise plan on their own (and medium to large ones already have the presence of communist party members in the planning process), and at the same time, the country directs development through investment.
So would you say then that the Chinese economic model has to eventually become completely planned to get rid of these contradictions?
The Chinese economic model is already completely planned, the difference is that the market is part of their plan. Each enterprise plan on their own (and medium to large ones already have the presence of communist party members in the planning process), and at the same time, the country directs development through investment.
I see. So in which way then can the exploitation of the proletariat end?
There’s no cake recipe