The CPC is not run by billionaires, wtf are you talking about.
Is China State Capitalist?
- The backbone of the economy is state ownership and socialist planning. 24 / 25 of the top revenue companies are state-owned and planned. 70% of the top 500 companies are State-owned. 1, 2 The largest bank, construction, electricity, and energy companies in the world, are CPC controlled entities, subject to the 5 year plans laid out by the central committee.
- Workplace democracy in action in the CPC.
- Is modern day china communist? Is it staying true to communist values?
- Didn’t China go Capitalist with Deng Xiaoping? Didn’t it liberalize its economy? Is China’s drastic decrease in poverty a result of the increase in free market capitalist policies?
- Is the CPC committed to communism?
- The Long Game and Its Contradictions. Audiobook
- The myth of Chinese state capitalism. Did Deng really betray Chinese socialism?
- Tsinghua University- Is Socialism with Chinese Characteristics real socialism, or is it state Capitalism?
- Isn’t China revisionist for having a capitalist sector of the economy, and working with capitalists? Why isn’t it fully planned like the USSR was?
- Castro on why both China and Vietnam are socialist countries.
The PRC has atleast 100 billionaires in the upper sections of its government and “Communist” party, and many more millionaires.
These sources are both false and misleading. The economy of the People’s Republic of China is very similar to that of a Fascist state, in that state and capital have merged to such an extent to which even the state-owned economic assets are de-facto in the hands of the ultra-rich. Even if these sources were correct, it does not change the fact that the state-owned sections of the economy are a minority, making up only aboud 25% of the economy, the rest being privately owned.
Perhaps you Dengists should consider reading the works of actual Marxists, it will help you understand that multi-billionaires and Socialism are incapable.
