On the photo is Jack Ma, one of the richest capitalists in China, the owner of Alibaba, the Chinese billionaire who said the working hours of the workers should be extended to 12 hours a day.
Many leftists and even people who call themselves marxists say China is still socialist, while other leftists/marxists say it has nothing to do with a socialist country today. Some people also argue that the reinstauration of capitalism in China, after Mao Zedong, was a treason against the revolution and socialism and there is now a lot of rhetorics to justify this opportunism.
If China is still socialist, as some people advocate, how to explain about the billionaires, capitalists, supposed explotation of workers etc.?
Yes, China is still socialist.
https://github.com/dessalines/essays/blob/master/socialism_faq.md#is-china-state-capitalist
To add, most importantly, capitalists are not organized as a class in China, they have no enshrined rights, and they do not control or hold power over the political system, as exists in bourgeois democracies. And of course state-owned enterprises are at the commanding heights of every important industry, private capital doesn’t come close.
Super nice summary, I wish it were on a better resolution, though, since I can’t read the bottom text.
from what I can make out
“-the world’s largest bank, energy company and construction company are state-owned. -all companies with <100 employees are required to have a CPC trade Union cell which have final say over managerial decisions -Chinese companies are listed as privately owned when they are not privately owned. Leading to an underrepresentation of the Chinese state in analyses of the PPC’s economy….”
Idk too hard to read the rest.