very interesting recent speech about xi's intentions on the present direction of common prosperity.
seems like this bit about social democracy is getting some controversy - online :hahaha:
" It is necessary to improve the system of public service policies and systems. To promote common prosperity, we must not engage in "welfare". At that time, some Latin American countries engaged in populism, and high welfare raised a group of "lazy people" and unearned incomes. As a result, the national finances were overwhelmed and fell into the "middle-income trap", unable to extricate themselves for a long time. Welfare benefits can't come down if they go up, and "welfareism" that exceeds one's ability is unsustainable and will inevitably bring about serious economic and political problems! We must adhere to doing our best and do what we can, focusing on improving the level of public services, accurately providing basic public services in the fields of education, medical care, elderly care, housing and other areas that the people are most concerned about, and taking care of the basic living bottom line of the people in need, without raising the bar. Appetite, not empty promises."
also interesting bit explaining xi's approach to market socialism
" The second question: correctly understand and grasp the characteristics and behavioral laws of capital. Marx and Engels did not envisage that a market economy could be developed under socialist conditions, and of course they could not foresee how socialist countries would treat capital. Although Lenin and Stalin led the socialist construction of the Soviet Union, at that time the Soviet Union implemented a highly centralized planned economic system and basically did not encounter large-scale capital problems. To engage in a socialist market economy is a great creation of our party. Since it is a socialist market economy, it will inevitably produce various forms of capital. Although there are many differences between capital in capitalist society and capital in socialist society, capital is all about chasing profits. "The people of the world are wealthy, and the wealth of the world is governed by the law." We should explore how to play the positive role of capital under the conditions of a socialist market economy, while effectively controlling the negative role of capital. In recent years, due to lack of awareness and lack of supervision, some areas of our country have experienced disorderly expansion of capital, wanton manipulation, and profiteering. This requires regulating the behavior of capital, seeking advantages and avoiding disadvantages, not allowing "capital predators" to act recklessly, but also giving full play to the function of capital as a factor of production. This is a major political and economic issue that cannot be avoided."
he goes over a lot of important shit to take note of so def check it out hexers :logo:
" At the ninth meeting of the Central Finance and Economics Committee, I made a comprehensive deployment of the "dual carbon" work, emphasizing that we must adhere to the principles of national overall planning, conservation priority, two-wheel drive, smooth internal and external, and risk prevention. The Central Committee of the Communist Party of China has issued opinions on the carbon neutralization work and approved the carbon peaking action plan. Achieving the goal of reaching the peak and carbon neutrality must be firm, but it cannot be accomplished in one go. To be based on national conditions, it is our basic national conditions to focus on coal, and the realization of carbon peaking must be based on this reality. While doing a good job in the clean and efficient utilization of coal, speed up the flexible transformation of coal-fired power units, develop renewable energy, promote the optimal combination of coal and new energy, and increase the consumption capacity of new energy. We must pay close attention to tackling key green and low-carbon technologies and accelerate the promotion and application of advanced technologies. It is necessary to conduct scientific assessments, improve the "dual control" system of energy consumption, create conditions to realize the transition from "dual control" of energy consumption to "dual control" of total carbon emissions and intensity, and accelerate the formation of an incentive and restraint mechanism for reducing pollution and carbon emissions. Relevant departments in all regions should coordinate the work of "dual control" and "dual carbon" to prevent simple decomposition. To ensure energy supply, achieve multi-objective balance, and increase energy supply through multiple channels, large enterprises, especially state-owned enterprises, must take the lead in ensuring supply and stable prices, and will never allow major incidents such as large-scale "power outages" to occur again. It is necessary to further promote the energy revolution, promote energy consumption, supply, technology, and institutional reforms, strengthen international cooperation, and accelerate the construction of an energy power."
seems like the power outages he blames on certain people being adventurist on renewable energy? i get that he's a conservative dude and believes in slow change, but i do wish xi would hit the solarpunk button :bird-mad:
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He mentions carbon peaking, which makes me think there's a definite roadmap for the rise and decline of coal in China in the near future.
It could be that this really is the most practical way of decarbonising a large economy like that of China. If so, I look forward to seeing what the outcome will be.
or maybe supply chain issues actually? would fit in with one of his earlier objectives of self sufficiency for china