it still has to obey the laws of capital and wherever the god of capital demands blood sacrifice, you must pay for it in order to stay in the game
Seek truth from facts.
China uses the profit motive and production for exchange value where doing so is beneficial. You can think of it like running the economy on autopilot. That means that, yes, the society has not abolished the wage form. But when it needs to, the needs of the people consistently trump the needs of capital.
The best example is the full societal mobilisation against coronavirus, on a scale that no other nation could do.
You also can’t underestimate the significance of all major banks being state owned, with funding allocated to state owned entities on a social, not profitable, basis.
Seek truth from facts.
China uses the profit motive and production for exchange value where doing so is beneficial. You can think of it like running the economy on autopilot. That means that, yes, the society has not abolished the wage form. But when it needs to, the needs of the people consistently trump the needs of capital.
The best example is the full societal mobilisation against coronavirus, on a scale that no other nation could do.
You also can’t underestimate the significance of all major banks being state owned, with funding allocated to state owned entities on a social, not profitable, basis.
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