So if the Chinese are pretty much set on being capitalist in the near term, why are socialists supportive of them? I can understand the importance of a meaningful challenge to American hegemony but is that the only reason? Sorry for my ignorance, not really sure what reading to do to fill in these gaps in my understanding.
They're doing capitalism in a way that's raising people out of poverty. Their rapid industrialization is creating a multi-polar world, which historically, has been good for workers rights globally. They tend to negotiate kinder terms in international lending than the US or Europe.
There's also this bizarre assertion that Chinese liberalism is tricking capitalists into investing in China so that in 30 years they can socialize it all and implement socialism.
So if the Chinese are pretty much set on being capitalist in the near term, why are socialists supportive of them? I can understand the importance of a meaningful challenge to American hegemony but is that the only reason? Sorry for my ignorance, not really sure what reading to do to fill in these gaps in my understanding.
They're doing capitalism in a way that's raising people out of poverty. Their rapid industrialization is creating a multi-polar world, which historically, has been good for workers rights globally. They tend to negotiate kinder terms in international lending than the US or Europe.
There's also this bizarre assertion that Chinese liberalism is tricking capitalists into investing in China so that in 30 years they can socialize it all and implement socialism.