This is a wonderfully counter intuitive finding from the new Credit Suisse Wealth Report. There're more poor people in America than there are in China. No, really, this is true, when measuring by wealth. We've not got the detailed number of the United States alone as they're offering the information [...]
      • leftcompride [none/use name]
        ·
        4 years ago

        Imperialist or not has nothing to do with social democracy. There is nothing "Marxist" about "advancing productive forces" through capitalism. If you strip away all the propaganda and red flags, the basic functioning of the Chinese economy is just capitalism with substantial state investment, literally just like Norway or Finland.

    • sysgen [none/use name,they/them]
      ·
      4 years ago

      The difference between Dengism and social democracy is that social democracy was only ever implemented in the context of imperialist nation, and that at least nominally it still strives for socialism and communism.

      • leftcompride [none/use name]
        ·
        4 years ago

        Social Democracy just means capitalism with substantial state owned sector and a welfare state. Imperialism is not necessary for this. You are right about nominally, Dengism is capitalism with red paint. China is as socialist as Bernie Sanders.

      • leftcompride [none/use name]
        ·
        4 years ago

        Proving me wrong by posting Dengist propaganda? China is just a capitalist country. Liberals are totally right when they say that the success of China is due to capitalism. China is following the same developmental path as South Korea, Taiwan etc only with more state investment. Socialism =/= govt does stuff.