Asking this because i’m a newbie in the topic of socialism and i want to understand whether China is actually considerable socialist or not. A lot of the stuff we see are Chinese brands, owned by privates (at least i think so, correct me if i’m wrong), making tons of capital. So what’s actually going on?
The prolewiki page on unequal exchange is a good primer. China itself is harmed by unequal exchange, because it's primarily something higher wage countries benefit from.
The prolewiki page on unequal exchange is a good primer. China itself is harmed by unequal exchange, because it's primarily something higher wage countries benefit from.