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Communism is when capitalism
(lemmy.nz)
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Yes, fully agreed. China is producing haute capitalists and it's a problem they need to deal with.
Both China and the US are global superpowers so a comparison is a necessary tool.
Out of two bad things, I will choose the less bad one.
If you actually look at the last decade or so, they don't actually execute most of them and it's pretty much a "life without parole but you shouldn't be naughty in prison". I am also against capital punishment in all forms, and most prisons, I believe that even the worst billionaires can be reformed if you give them the chance. So this is indeed a valid criticism of China and I hope they can improve on that front.
Yes, capitalists are the natural political enemy of the working class. You do not earn a billion dollars, you rob others of a billion dollars, and it's only natural that people who did that will not have the best political intentions in mind. They all need to be kept at bay (actually just stripped of wealth and sent to do community service for a long time or smth).
China is subsidizing its economy primarily to develop productive forces which is seen as a necessary step towards communism. This means also that it will be more competitive at the international stage; this is primarily just socialism winning in the "free market of ideas".
Or, hear me out, they could also subsidize their industries where it matters. But they can't really because most of that subsidy will be promptly absorbed by the capitalist in charge, and that is primarily the point.
Like, think about this on a global scale. If every state stopped subsidizing all industries, we would only be left with what's most profitable or the most popular with the working class, depending on the dominant mode of production. If everyone subsidized the industries necessary for human development, we would get human development. How is that not a win?
They still allow capitalists to become billionaires. It's the ones the people in power don't like that get life in prison or execution. Enemies of the party, not enemies of the working class.
They do and China also puts tariffs on those industries to protect their own. But no other country, save for the US, has the funds China does. The rest of us can't just subsidize entire industries until international competition falls apart completely. There are subsidies to help an industry develop, and there's economic warfare.
In this case, enemies of the party ⊂ enemies of the working class. Is it ideal that there are haute capitalists at all? No. Is it better in that respect than almost any country on earth? Yes.
Well maybe countries could band together to engage in some kind of an international economic cooperation to pool funds together, strategically invest in their industry, and better their economies. Maybe countries in Europe can form a Union of some kind. If they did, their combined GDP would be on par with that of China or the US, and they would have a lot of resources available for investment...
Again, the problem is not how much cash the EU has to invest in itself, the problem is that subsidies under capitalism lead mostly to profit increases for capitalists and actual industry development is limited. Nationalization (or at least much tighter control) of key industries is required to speed up development of productive forces.