Asklemmy

43940 readers

630 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

263

Why do some people defend the billionaires and capitalism? (lemmy.world)

submitted 1 month ago by return2ozma@lemmy.world to c/asklemmy@lemmy.ml

250 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Cowbee@lemmy.ml 3 points 1 month ago

This is a country where COVID originated and with a population of 1.4 billion, yet apparently only 5,272 people have died. They're not great at telling the truth and are masters at propaganda.

They took much stronger stances against COVID than the US. Not sure what numbers they actually have, but I wouldn't be surprised if they were low.

The profits from companies are retained by the companies. Isn't the idea of socialism that the workers own the means of production and no companies profit? The Chinese economy is set up the exact opposite.

You have a fundamental misconception of what Socialism is. It isn't an ideal to be forced on a society, but the result of markets coalescing and centralizing, to be planned. Additionally, the majority of the PRC's economy is in the public sector. Private Property is abolished and absorbed by degree, not decree.

Read Socialism Developed China, Not Capitalism. I already recommended it, and you have not read it. Read it, it only takes 20 minutes.