Going well beyond curbing tech giants, he wants the Communist party to steer flows of money and set tighter limits on profit making, his speeches show and officials say. More turbulence for foreign businesses is likely.

:xi-clap: China haters aren't going to be able to cope

Archive: https://archive.is/2021.09.20-203459/https://www.wsj.com/articles/xi-jinping-aims-to-rein-in-chinese-capitalism-hew-to-maos-socialist-vision-11632150725?mod=flipboard

  • LeninWeave [none/use name]
    ·
    3 years ago

    “I call it a government-steered economy.”

    lmao westoids too scared to say DoTP

    or they could just call it SWCC

    • invalidusernamelol [he/him]
      ·
      3 years ago

      SWCC isn't some secret enigmatic plan either. It's a very clearly documented and consistently referenced set of tenants that Xi has been very closely adhering to. There's a reason China just kinda does things and totally changes how their system works seemingly overnight. As the conditions are met for new phases, they're almost immediately rolled out because the plans have been in place for a long time and have been revised and decided on by the party and the workers it represents.

    • PorkrollPosadist [he/him, they/them]
      ·
      3 years ago

      I wouldn't describe the Chinese system a dictatorship of the proletariat, but compared to the shit we have here it's close enough.