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capitalism
(lemmy.blahaj.zone)
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this post was submitted on 12 Mar 2025
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Socialism is stable, yes.
As for Xu and Du, those are not the sole figures on Socialism in China, nor does that definition actually hold for Socialism. Socialism is determined by which is primary in an economic system, be it Public ownership or private, and in the PRC it is public. Large firms and heavy industry is nearly soley in the public sector, while the private sector is dominated by small firms.
As for Russia, 7 million people died due to the reintroduction of Capitalism, social safety nets were stripped bare and workers rights fell dramatically. Socialism was better than Tsarism and was better than Capitalism has been, whether you feel disgusted by facts or not it's the truth.