Memes

Arise ye workers from your slumbers
Arise ye prisoners of want
For reason in revolt now thunders
And at last ends the age of cant.

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

Not an expert of the topic either, but afaik the most important sectors of the economy still follow the party's line according to the 5 year plans. Infrastructure in particular seems something that cannot be left to private enterprises.

Definitely less state-controlled than the USSR, but the national interest is still put above individual profits. Certainly not a capitalist economy as we know it in the West.

Jokes aside, I'd obviously prefer a more bottom-up and democratic workers' led economy, but at least shows there can be alternatives to the idea that the only possible XXI century economy is one where shareholders maximize value extraction while externalities are suffered by society and seem imposible to avoid.

Genuine question (not a gotcha), do you consider China’s economy to still be communist? Given that 60% of GDP, as most of the jobs, come from the private sector; and prices and production levels are no longer centrally planned.

I’m not particularly knowledgeable about the workers’ condition in China tbh, but as far as white collars go, the 996 culture and the resulting “tang ping” aren’t a better look than what’s going on in the West.

Not referring to the political apparatus, of course, which is still the CCP.