At the invitation of the Chinese Academy of Social Sciences (CASS), Friends of Socialist China co-editor Carlos Martinez attended the 14th World Socialism Forum, held in Beijing from 9-10 September 2024. The theme of this year’s forum was Current changes in the world and our times, and addressed the possibilities for furthering the cause of … Continue reading Those that stand for socialism and peace should build solidarity with China
Thanks for the numbers, state owned share is a really good sign.
On the other hand, the primary goal of the state owned enterprise is to provide social value.
Interesting. I guess even if that wasn’t the goal, the money sort of “has to” actually trickle down. Like even if functionaries siphon off some wealth or it’s spend on stupid project, most of it lands in a pot where it can only be used for… investments or useful things. Even if their goals were nationalistic instead of socialistic. It has nowhere else to go and can’t go off to foreign investors or into some tax haven or just be used for speculative financial games. Or use it to undermine democracy by buying news and social media.
I guess the motivation for functionaries is also different. For plutocrats the “game” is to gain ever more capital and beat the competition and reach a high score. And they fear loosing everything. So even if the state capitalist’s goal was to “create profit through appropriation of the value the labor of the workers creates” they ultimately have to do something useful with it then. Of course it would be in their interest to use it to secure the power of their government.
Thanks for the numbers, state owned share is a really good sign.
Interesting. I guess even if that wasn’t the goal, the money sort of “has to” actually trickle down. Like even if functionaries siphon off some wealth or it’s spend on stupid project, most of it lands in a pot where it can only be used for… investments or useful things. Even if their goals were nationalistic instead of socialistic. It has nowhere else to go and can’t go off to foreign investors or into some tax haven or just be used for speculative financial games. Or use it to undermine democracy by buying news and social media.
I guess the motivation for functionaries is also different. For plutocrats the “game” is to gain ever more capital and beat the competition and reach a high score. And they fear loosing everything. So even if the state capitalist’s goal was to “create profit through appropriation of the value the labor of the workers creates” they ultimately have to do something useful with it then. Of course it would be in their interest to use it to secure the power of their government.
Exactly, state owned enterprise doesn’t result in capital accumulation which is one of the cardinal problems with capitalism.