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[-] Cowbee@lemmy.ml 1 points 21 hours ago

Socialism in the Marxian sense is an economy where public ownership is the principle and driving aspect of the economy, in China this is very much the case, where the vast majority of large firms and core industries are in the Public Sector. There is wealth inequality, and there are billionaires, yes, but this is an aspect that is improving over time, a process that we can track. Socialism is always a long and drawn-out process that can only truly be advanced by building up the productive forces dramatically.

I don't know what you mean when you say China has "Capitalism." Capitalism and Socialism are descriptors for the broader economy as a whole, not individual portions of an economy. There is private ownership of Capital and markets, correct, but this alone does not equal Capitalism, just like a worker cooperative in the US is not an example of Socialism. If you're interested in a Marxist perspective, I wrote a post going over how Marxists identify a system as Socialist vs Capitalist, and frequent errors made by non-Marxists (in the eyes of Marxists).

As for Imperialism, I would like you to elaborate.

As for fascism, that's certainly not the case. Even if China was Capitalist, that does not inherently make it fascist, which is a specific form of Capitalism. I highly recommend you read Blackshirts and Reds if you haven't already.

[-] kittenzrulz123 1 points 20 hours ago

By imperialism I am referring to Chinese neocolonialism in Africa. As for Fascism I am referring to the Chinese system of private owmership mixed with indirect government ownership (of which the workers own none of it). In addition the vast majority of the Chinese economy is private, that makes it mixed economy at best.

[-] Cowbee@lemmy.ml 1 points 20 hours ago* (last edited 20 hours ago)

China's involvement in Africa isn't neocolonial, though. Moreover, the vast majority of large firms and key industries are publicly owned, the private sector largely accounts for small businesses, which have little to no control over the economy at large. I don't know what you are referring to as "worker ownership" if public ownership doesn't count, that's the core thesis of Marxism, ie reaching a fully publicly owned economy.

I recommend checking out the post I made and the book I linked. The very notion of a "mixed economy" is wrong to begin with, as no economy is pure, modes of productions are determined by their overall totality. Either every economy is mixed, which fails to account for the dramatic differences between feudalism, Capitalism, Socialism, etc, or we adopt a more sensible notion that economies are made up of their constituent, interlinked aspects and thus portions cannot be simply cut away and considered "socialist" or "capitalist," they all exist in context. That would be like saying a board of directors is Socialist if they all have equal ownership, you can't cut them away from the workers just like you can't cut sectors out of the broader economy in which they function.

As for fascism, that isn't an accurate description of fascism at all. Fascism has always served the bourgeoisie as a means to put down leftist organizing in decaying Capitalist countries. You don't have to support China to be a Leftist, there's lots of valid critique, but calling it "fascist" is wrong.

this post was submitted on 09 Mar 2025
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Showerthoughts

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