My intent was not to continue the debate about the class character of the Chinese state which has been ongoing among Marxist and non-Marxist economists and within Marxist parties and sects and on online forums for close to a half century, and which will not be resolved here.
Instead, my post was a response to Charlie’s challenge that I show how the PRC was different than the single party fascist states. He evidently still does not accept that its economic system sets China apart from the former fascism - its banks and major corporations under state ownership, theirs privately-owned. For Charlie, this is of little consequence; they are all one party capitalist states. China is not socialist and it is uncertain whether it will ever reach that stage, but because revenues (“profits”) are returned to state-owned enterprises rather than to a central planning agency or government departments is not an indication that the Chinese have restored capitalism. Since the Deng era, the SOE's have become individually responsible for price-setting, planning, reinvestment, and other operational decisions under the general direction of the party and the state. Some but not all allow private investors to hold a minority stake. While inequality has accompanied China's explosive growth since Deng, unlike the restoration of capitalism in the former Soviet Union and other “people’s republics”, the People's Republic of China was never dissolved and its state enterprises broken up and their assets redistributed as the private property of the various CP nomenklaturas and their cronies and their heirs. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#29470): https://groups.io/g/marxmail/message/29470 Mute This Topic: https://groups.io/mt/104961025/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
