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

  • please_dont [he/him]
    ·
    3 years ago

    “Xi does think he’s moving to a new kind of system that doesn’t exist anywhere in the world,” said Barry Naughton, a China economy expert at the University of California, San Diego. “I call it a government-steered economy.”

    Xi, Deng etc:

    -"We are communists. Here are our openly stated long term socialist goals and the marxist reasoning and analysis for the choices and policies that have been enacted in the last 40 years. Here are tens of thousands of pages repeating in the most simple terms that Capital isnt in charge of China and that reform and oppening up is and was a means and not a trend towrads complete capitalist restoration. Its the only and most successfull means (for the conditions of China) towards building what we judged as necessary material, geopolitical and technological base and requirements to move beyond it and towards a socialist and secure from outside forces future. It isnt nearly done yet but we have progressed enough that we can start pulling back on some stuff and reign on capital power and corruption"

    "Western expert on Chinese economy" when Xi takes actions completely in line with those plans that rhetoric , ideology and analysis:

    -"OMG this is a totally new system dictator Xi's is building towards . Who could have seen it coming really?. I CALL IT -random words sticked together instead of basic material and marxist analysis-

    • 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.

    • space_comrade [he/him]
      ·
      3 years ago

      I call it a government-steered economy

      Damn I wish there was a word for this, it's kind of a mouthful. Really strange how nobody thought of a name yet.

      • bananon [he/him]
        ·
        3 years ago

        Sorry sweaty that’s called state capitalism and that makes Xi basically Hitler 💅

      • pooh [she/her, love/loves]
        ·
        3 years ago

        In China's case I think it will also involve more advanced economic planning and use of AI. Their AI plan is pretty interesting if anyone here hasn't seen it: https://archive.is/ybreT