Yes, but in this case, considering China’s large private sector reliant on the exchange of stocks as a means of providing an investor class with ownership of, and return on, the profits of the proletariat, China’s gonna fit into a capitalist definition.
China literally has private companies and a very uneven wealth distribution and barely any social safety net. I would definitely not say the workers are in control there. Sure the party has a strong influence and they decide what flies, but that doesn’t mean they’re socialist. The party elite has become its own kind of elite and not “the people”
Yeah I argued ‘markets get shit done’ until someone drove a thin wedge by saying ‘capitalism is the part where owning things makes money.’
For all the reading and bickering these people do, most are useless at conveying a message. Just using the word “property,” like anyone not inculcated understands their specific sharp-edged definition, has been a constant obstacle for the last century and a half.
The stock market was the smartest thing the ownership class ever invented. Pretend that every pleb has ownership of a company, even though they get no say in its finances or operations. Why would you fight against a system that you supposedly benefit from?
I feel that many conflate capitalism with commerce.
Yes, but in this case, considering China’s large private sector reliant on the exchange of stocks as a means of providing an investor class with ownership of, and return on, the profits of the proletariat, China’s gonna fit into a capitalist definition.
China literally has private companies and a very uneven wealth distribution and barely any social safety net. I would definitely not say the workers are in control there. Sure the party has a strong influence and they decide what flies, but that doesn’t mean they’re socialist. The party elite has become its own kind of elite and not “the people”
Yeah I argued ‘markets get shit done’ until someone drove a thin wedge by saying ‘capitalism is the part where owning things makes money.’
For all the reading and bickering these people do, most are useless at conveying a message. Just using the word “property,” like anyone not inculcated understands their specific sharp-edged definition, has been a constant obstacle for the last century and a half.
The stock market was the smartest thing the ownership class ever invented. Pretend that every pleb has ownership of a company, even though they get no say in its finances or operations. Why would you fight against a system that you supposedly benefit from?