China describes its system as a "socialist market economy". How does that work? What is the role of its stock exchanges? Ben Norton explains Socialism with C...
As someone who's read and consumed a fuckload of media on this subject yet still hasn't formed an opinion, I'd appreciate reading/seeing something from the other side. No disrespect to Ben Norton, but he's clearly in the pro modem China camp.
The basic thing is that most of this video simply isn't written in terms of what capitalism is, it's comparing the US's highly financialized economy to China's highly industrialized economy and saying that thte latter isn't capitalism because it's not cannibalizing itself through finance bullshit, but that was never the question! Most generically cynical takes call it a competition between finance capitalism and industrial capitalism and he says nothing to contradict that successfully.
I mean this sincerely when I say that I would like to see the other side of this argument. Obviously Ben Norton is very pro modem China biased. Do you have any media portraying the other argument?
As someone who's read and consumed a fuckload of media on this subject yet still hasn't formed an opinion, I'd appreciate reading/seeing something from the other side. No disrespect to Ben Norton, but he's clearly in the pro modem China camp.
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IIRC Ben is living in China right now getting a Marxism degree.
wanted to do graduate school in China but after investigating the application requirements you have to be under forty years old.
I personally agree with you. I'm still holding out my final opinion until I'm more informed.
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The basic thing is that most of this video simply isn't written in terms of what capitalism is, it's comparing the US's highly financialized economy to China's highly industrialized economy and saying that thte latter isn't capitalism because it's not cannibalizing itself through finance bullshit, but that was never the question! Most generically cynical takes call it a competition between finance capitalism and industrial capitalism and he says nothing to contradict that successfully.
I mean this sincerely when I say that I would like to see the other side of this argument. Obviously Ben Norton is very pro modem China biased. Do you have any media portraying the other argument?