"It benefits the masses at the cost of the richest and the elite groups"
:porky-scared-flipped:
I would be cool not benefiting at the cost of the richest and elite groups as well
“Over the past 20 years, Chinese authorities could turn a blind eye to some illegal business practices, tax evasion or wrongdoings, because the economy enjoyed robust growth,” said Ming Liao, founding partner of Beijing-based private equity firm Prospect Avenue Capital. Now that the economy is slowing down “the question becomes how to divide the cake. Thus the need to weigh fairness against efficiency,” he said
equating "illegal business practices, tax evasion or wrongdoings" and "efficiency"
Counterpoint: they shouldn't just turn a blind eye, they should encourage it
this guy needs to go to the countryside and get his hands dirty farming
A comrade of my says this is more to prevent to big to fail situations. Still, way more than the US does.
Right but "too big to fail" is a manifestation of the political and economic power of the capitalist class in the US. The continual political and economic expropriation of these companies and industries in China is whats part of the process of socialist construction.
Nordic socialism is better than whatever China does :so-true: 🌹 :bernie:
I am glad so much pro-China propaganda is coming out in the west nowadays. Maybe I was wrong about western media.
the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry
