China's ruling Communist Party is demanding a show of greater loyalty from the sprawling private sector as the world's second-largest economy grapples with growing external risks, from open U.S. hostility to the coronavirus pandemic.
What the entire article actually argues is that Chinese policy incentivized the collection of a “strategic resource” (rubber), by protecting rubber exporting firms’ profit margins through tariffs and other mechanisms.
Yes. So let’s recap. Without state protection, the profit motive would force a firm to say ‘fuck this, it’s not profitable. Let’s get out of here.’ With the state protection, it does what the state wants.
Yes, some capitalist is still getting more money. M -> M’ holds true. But the things the capitalist has to do to get more money are dictated by the Party not just the market.
Xi’s policy change is to curb the degree to which unprofitable SOEs are allowed to exist without turning a profit by allowing them to fail (and have their operations replaced by private, for-profit, capitalist investment). It’s literally the opposite of nationalization, it’s privatization.
While there are more state-owned zombie firms, there are still a substantial number of zombie private firms. It’s slightly over twice as many state owned to private.
Yes, some capitalist is still getting more money. M -> M’ holds true.
If the government didn’t incentivize (not control) an unprofitable economic activity, it wouldn’t happen. But when they make that activity profitable, it does happen. Wow, seems like there’s a profit motive.
This is also the same principle by which many western, capitalist governments incentivize private investment (New Market Tax Credits for example). Again, I have no idea what connection this has to socialism, working class power, or working class ownership of the means of production.
ALSO NONE OF THIS IS THE ORIGINAL POLICY AT THE TOP OF THIS THREAD THAT YOU FALSELY CLAIMED CONSTITUTES NATIONALIZATION.
You keep backtracking and shifting goal posts, and even then, none of what you’re talking about is nationalization. Literally all of these policies are attempting to influence private businesses without nationalizing private businesses. How intellectually bankrupt can you be?
Look at the usernames in the comment thread. I jumped in purely to discuss the effectiveness of the party-state in bending private industry to the Party’s goals.
If you wanna call that nationalisation, socialism, etc, go for it.
I definitely don’t want to call that socialism, because it’s
the opposite. Also not nationalization, which is a straightforward concept that doesn’t apply here.
I’m not going to celebrate the CPC’s selling out workers and defending capitalist relations to the point where the CPC is now itself captured.
Yes. So let’s recap. Without state protection, the profit motive would force a firm to say ‘fuck this, it’s not profitable. Let’s get out of here.’ With the state protection, it does what the state wants.
Yes, some capitalist is still getting more money. M -> M’ holds true. But the things the capitalist has to do to get more money are dictated by the Party not just the market.
While there are more state-owned zombie firms, there are still a substantial number of zombie private firms. It’s slightly over twice as many state owned to private.
If the government didn’t incentivize (not control) an unprofitable economic activity, it wouldn’t happen. But when they make that activity profitable, it does happen. Wow, seems like there’s a profit motive.
This is also the same principle by which many western, capitalist governments incentivize private investment (New Market Tax Credits for example). Again, I have no idea what connection this has to socialism, working class power, or working class ownership of the means of production.
ALSO NONE OF THIS IS THE ORIGINAL POLICY AT THE TOP OF THIS THREAD THAT YOU FALSELY CLAIMED CONSTITUTES NATIONALIZATION.
You keep backtracking and shifting goal posts, and even then, none of what you’re talking about is nationalization. Literally all of these policies are attempting to influence private businesses without nationalizing private businesses. How intellectually bankrupt can you be?
Look at the usernames in the comment thread. I jumped in purely to discuss the effectiveness of the party-state in bending private industry to the Party’s goals.
If you wanna call that nationalisation, socialism, etc, go for it.
I definitely don’t want to call that socialism, because it’s
the opposite. Also not nationalization, which is a straightforward concept that doesn’t apply here.
I’m not going to celebrate the CPC’s selling out workers and defending capitalist relations to the point where the CPC is now itself captured.