PS: For those who rubbish China, then have a look at India:About...

First 139 Last

Share
Profile

Follow
moorookamick

23,180 Posts.

769

02/08/24

04:14

Post #: 75036457
Share

Originally posted by moorookamick: ↑

The challenging question for the West generally and the
USA specifically is:

"Has China got the mix of Socialism & Capitalism right? "
Purely from an economic point of view( annual GDP growth over the past 30 years)
it would seem so . Its mix of State Capitalism & Private Enterprise seems
to be the Cat's Whiskers. But of course this is not communism but rather
"Socialism with Chinese Characteristics" or perhaps more accurately
50/50 ..State Capitalism /Private Enterprise under a 1political party rule.

On a micro level of course there are some examples of Communism
with authoritarian characteristics...I refer specifically to the Jewish Kibbutz
and the Amish Commune which are predominantly Ethnoreligious/Authoritarian/RW

I guess the closest we have of communism in the workplace is the Co-Op
where the workers share the profits equally and manage by committee.

The wealthy in the west and particularly in the USA are understandably
worried with the sudden economic rise of China and the probable impact
on western billionaires.

While the current wealth gap in the West is in line with Western Capitalist Ideology;
the growing wealth gap in China is contrary to China's ideology and, IMO, it will
be interesting to see how both systems address that going forward.

IMO the rise of Working Class militancy (Populism) reflects the frustration
being experienced by the "Have Nots" who, at this stage are not willing
to blame the system but instead hang the donkeys tail on "The Elite"
whom they presume is corrupt!

Expand

PS: For those who rubbish China, then have a look at India:

About the same population as China
-Obtained independence about the same time as China
-Democratic
-Legal & Bureaucratic systems inherited from the Poms (The Original Capitalists)
-Poor.
1 Upvote

Reply

Top Stories

HAS

Yangibana 33% complete says Hastings, as it provides clarification on funding

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BIO

Biome reaches intellectual property milestone in strain development program

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

RCE

Recce scores $6.75M R&D rebate