Hey, so what is Xi Jinping’s plan for abolishing China’s bourgeoisie?
The most important thing to consider, is that while China is a mixed economy, with a controlled capitalist sector and a predominating state / socialist one, that capitalists do not control the political system as in western bourgeois democracies.
- The backbone of the economy is state ownership and socialist planning. 24 / 25 of the top revenue companies are state-owned and planned. 70% of the top 500 companies are State-owned. 1, 2 The largest bank, construction, electricity, and energy companies in the world, are CPC controlled entities, subject to the 5 year plans laid out by the central committee.
- Workplace democracy in action in the CPC.
- Is modern day china communist? Is it staying true to communist values?
- Didn’t China go Capitalist with Deng Xiaoping? Didn’t it liberalize its economy? Is China’s drastic decrease in poverty a result of the increase in free market capitalist policies?
- Is the CPC committed to communism?
- The Long Game and Its Contradictions. Audiobook
To your question, the anti-corruption drive, and increased regulatory attention, and absorption of burgeoning capitalist industries into SOEs, especially in the past 20 years is indicative of the goal and trend to eliminate capitalists as they outlive their usefulness:
- Why do Chinese billionaires keep ending up in prison? Why are many billionaires and CEOs going missing? China sentences Ex-Chairman of a major bank, guilty of embezzling ~$100M USD, to death in 2019.
- How the State runs business in China.
- 50% of the economy is in the socialist public sector and directly follows the plan (40% if you ignore the agricultural sector). 20 to 30% is inside the state capitalist sector, which is the sector partially or totally owned by domestic capitalists but run by the CPC or by local workers councils. The rest is made up of the small bourgeois ownership like in the NEP.
- China tells the US that it has no plans to weaken the role of its State-Owned-Enterprises, one of the US’s main demands in the trade war. “Beijing plans to make the state economy stronger, bigger, and better.”
I just want to say that these compiled list of links are only really a thing done by people on the left side and I love it. In debates, the right wing almost never integrates sources this well!
Agree, its also something you never see anarchists or imperialist “leftists” do, they use emotionally charged language or outright racist tropes. We have to educate, and at least get ppl started down the path of self-education if we want to succeed in winning ppl over.
(I’m sorry that every time I comment on one of your posts, it’s either a small book’s worth of words, or comes across as a lil rude)
Lately, the CCP has been accusing CEOs of private corporations of violating worker’s rights and hoarding wealth. I think they recently tried the CEO of Tencent in an anti-trust lawsuit. They tried some other billionaires on similar stuff too, but I’m not in a mood to look for links rn (comrades are more than welcome to pop some links in the replies to the legal cases)
It isn’t “abolishment” yet, China still needs its
leachesBourgeois class if it wants to maintain an economy that can compete with American Capitalism. But I guess that just means we’ll have to wait and see how they’ll deal with the hyper-rich after the threat of American Capitalism is diminished, which might happen in our lifetime.deleted by creator
