China is Capitalist
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https://www.csis.org/analysis/chinas-slow-motion-financial-crisis-unfolding-expected
Typical capitalist crisis taking place in China. Most lefties do not know that overproduction is the cause of all capitalist crisis
Unlike China and the Soviet Union, I see no revolutionary capitalist purpose for the state-capitalist regimes in countries such as Albania, KR Cambodia, Cuba, etc. They just appear to me to be regimes tailored to the whim of tyrants such as Hoxha and Pol Pot, influenced by a personal love affair with Leninism. In what way did their state-capitalism have any revolutionary purpose in the capitalist context?
The same with North Korea. The Kim dynasty’s rule has not furthered capitalist development but hindered it and frozen the north in comparison with the highly developed south.
F: Hu Feng’s Prison Years, by Mei Zhi.
“China’s first literary dissident’s Kafkaesque journey through the prisons of the Cultural Revolution.Hu Feng, the ‘counterrevolutionary’ leader of a banned literary school, spent twenty-five years in the Chinese Communist Party’s prison system…. ”
Hu Feng, a Marxist who never joined the Communist Party, and who was persecuted by the Mao clique.
“…Xinomics envisages a model of corporatization within the tight boundaries set by Party bureaucracy’s strict surveillance. And, ever since Xi’s ascendance to power in 2012, CPC has been concentrating on tightening bureaucratic control over the economic system through the systematic creation of Party cells within private corporate entities…Along with Party’s growing hold over Chinese companies, Party supervision of foreign MNCs operating in China has also become regular feature of Xinomics. To be precise, systematic strengthening Party bureaucracy in tandem with the growth of corporate-finance capital has become a salient feature of Xinomics or Xi Jinping Thought.”
” …A corollary of this strengthening power of state bureaucracy together with growing corporate accumulation by both domestic companies (including state-owned and private) and foreign corporates has been capitalist history’s horrific levels of super-exploitation of Chinese working class. Amidst the rapid advancements in technologies including frontier technologies such as digitization, labour-productivity in China is very high while wages are the lowest in the world…On an average, the monthly wage of an unskilled worker in Chinese factories is as low as $100 which is a small fraction of the wage in other imperialist countries. As a result, the cost of producing a commodity in China hovers around 10 percent of that in Western countries. The resulting huge surplus value extraction is the basis on which the powerful bureaucracy and corporate companies, both domestic and foreign flourish in China…”
The article concludes
“…to what extent the further consolidation of bureaucratic power and state monopoly capitalism under Xi and his male-only team can confront the impending crisis-ridden international and domestic situation is a debatable question now. In spite of the omnipotent power the Chinese bureaucratic state, being far removed away from socialism except in name, its maneuverability will ultimately be constrained by market forces…”
https://en.wikipedia.org/wiki/Communist_Party_of_India_(Marxist%E2%80%93Leninist)_Red_Star
https://www.nytimes.com/2007/06/13/books/review/13grim.html
A free spirit, K’ang Sheng-kuo.
In fact, this is similar to a Fahrenheit 451 story.
Sheng-kuo was a book-loving boy under a regime that was burning more books, daily, than any other regime in history: hundreds of thousands of tonnes.
At his grandparents’s house was hidden a treasure trove of books he could bury himself in.
This collection was also to be seized and burned a few years later.
All his life he would rescue and read books.Global Financial Leaders’ Investment Summit in Hong Kong
200 financiers representing top financial institutions, including Goldman Sachs, Morgan Stanley, JPMorgan Chase, UBS and BlackRock, are expected to attend the summit, which takes place November 1-3.
A long list of the virtues of Xi’s China
https://countercurrents.org/2022/11/working-conditions-of-workers-in-china/
Not so rosy if one refuses the draft, or refuses military training in high school and college.
Will blacklist a worker for life.China has a combination of state capitalism and market capitalism
Xi Jinping’s precarious hold on China
At least the fall of the Gang of Four and Mao’s death brought an end to the onslaught of Maoism on China’s people and written heritage.
Already millions had died as a direct result of Mao’s demented policies, which even his own underlings knew were insane. And any more book burning and destruction would have completely destroyed Chinese antique literature and arts.Quite interesting.
Workers protest in china against Foxcom factory
https://www.politico.com/news/2022/11/23/protesting-workers-beaten-chinese-iphone-factory-00070796
Protester beaten by the police, the same situation that takes place in any capitalist country, the state is an apparatus for oppression and repression. The same definition given by Frederick Engels, and he called State Capitalism a new form of capitalism
Protests across China. In a so called workers state the workers are protesting against their own state ? It is only a bolsheviks fallacy. The slaves can not oppress themselves
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