But the amount of billionaires the US is printing is already problematic and that’s a capitalist country. The US should not be a country to compare to. It’s like if someone said “Well the Rwanda genocide actually caused more deaths than the Israeli one against Palestine”. Like yes, technically true, but the fact that there’s even a comparison to be made should be a big enough red flag.
When was the last time a US or EU billionaire went to prison for any serious length of time and got their wealth confiscated?
Unfortunately doesn’t happen nearly as often as it should, but with China since they seem to prefer executing them, I do suspect they’re largely political opponents they’re trying to keep quiet for good, not just criminals.
Oh no, a centrally planned & industrialized economy works better than unplanned, de-industrialized and over-financialized economy. Evil asians are cornering the market!
You DO realize China uses underhanded tactics, right? Subsidizing goods to be sold overseas is called dumping and there’s a reason the EU throws tariffs on tons of categories of goods from China. If it costs 20€ to make something in the EU but 15€ in China and then the Chinese government throws in another 5€ so the company could sell it even cheaper, that’s a bit of an issue for the EU’s industry.
But the amount of billionaires the US is printing is already problematic and that’s a capitalist country.
Yes, fully agreed. China is producing haute capitalists and it’s a problem they need to deal with.
The US should not be a country to compare to.
Both China and the US are global superpowers so a comparison is a necessary tool.
Out of two bad things, I will choose the less bad one.
they seem to prefer executing them
If you actually look at the last decade or so, they don’t actually execute most of them and it’s pretty much a “life without parole but you shouldn’t be naughty in prison”. I am also against capital punishment in all forms, and most prisons, I believe that even the worst billionaires can be reformed if you give them the chance. So this is indeed a valid criticism of China and I hope they can improve on that front.
largely political opponents they’re trying to keep quiet for good, not just criminals.
Yes, capitalists are the natural political enemy of the working class. You do not earn a billion dollars, you rob others of a billion dollars, and it’s only natural that people who did that will not have the best political intentions in mind. They all need to be kept at bay (actually just stripped of wealth and sent to do community service for a long time or smth).
Subsidizing goods to be sold overseas is called dumping
China is subsidizing its economy primarily to develop productive forces which is seen as a necessary step towards communism. This means also that it will be more competitive at the international stage; this is primarily just socialism winning in the “free market of ideas”.
there’s a reason the EU throws tariffs on tons of categories of goods from China
Or, hear me out, they could also subsidize their industries where it matters. But they can’t really because most of that subsidy will be promptly absorbed by the capitalist in charge, and that is primarily the point.
Like, think about this on a global scale. If every state stopped subsidizing all industries, we would only be left with what’s most profitable or the most popular with the working class, depending on the dominant mode of production. If everyone subsidized the industries necessary for human development, we would get human development. How is that not a win?
Yes, capitalists are the natural political enemy of the working class. You do not earn a billion dollars, you rob others of a billion dollars, and it’s only natural that people who did that will not have the best political intentions in mind. They all need to be kept at bay (actually just stripped of wealth and sent to do community service for a long time or smth).
They still allow capitalists to become billionaires. It’s the ones the people in power don’t like that get life in prison or execution. Enemies of the party, not enemies of the working class.
Or, hear me out, they could also subsidize their industries where it matters.
They do and China also puts tariffs on those industries to protect their own. But no other country, save for the US, has the funds China does. The rest of us can’t just subsidize entire industries until international competition falls apart completely. There are subsidies to help an industry develop, and there’s economic warfare.
They still allow capitalists to become billionaires. It’s the ones the people in power don’t like that get life in prison or execution. Enemies of the party, not enemies of the working class.
In this case, enemies of the party ⊂ enemies of the working class. Is it ideal that there are haute capitalists at all? No. Is it better in that respect than almost any country on earth? Yes.
But no other country, save for the US, has the funds China does
Well maybe countries could band together to engage in some kind of an international economic cooperation to pool funds together, strategically invest in their industry, and better their economies. Maybe countries in Europe can form a Union of some kind. If they did, their combined GDP would be on par with that of China or the US, and they would have a lot of resources available for investment…
Again, the problem is not how much cash the EU has to invest in itself, the problem is that subsidies under capitalism lead mostly to profit increases for capitalists and actual industry development is limited. Nationalization (or at least much tighter control) of key industries is required to speed up development of productive forces.
But the amount of billionaires the US is printing is already problematic and that’s a capitalist country. The US should not be a country to compare to. It’s like if someone said “Well the Rwanda genocide actually caused more deaths than the Israeli one against Palestine”. Like yes, technically true, but the fact that there’s even a comparison to be made should be a big enough red flag.
Unfortunately doesn’t happen nearly as often as it should, but with China since they seem to prefer executing them, I do suspect they’re largely political opponents they’re trying to keep quiet for good, not just criminals.
You DO realize China uses underhanded tactics, right? Subsidizing goods to be sold overseas is called dumping and there’s a reason the EU throws tariffs on tons of categories of goods from China. If it costs 20€ to make something in the EU but 15€ in China and then the Chinese government throws in another 5€ so the company could sell it even cheaper, that’s a bit of an issue for the EU’s industry.
Yes, fully agreed. China is producing haute capitalists and it’s a problem they need to deal with.
Both China and the US are global superpowers so a comparison is a necessary tool.
Out of two bad things, I will choose the less bad one.
If you actually look at the last decade or so, they don’t actually execute most of them and it’s pretty much a “life without parole but you shouldn’t be naughty in prison”. I am also against capital punishment in all forms, and most prisons, I believe that even the worst billionaires can be reformed if you give them the chance. So this is indeed a valid criticism of China and I hope they can improve on that front.
Yes, capitalists are the natural political enemy of the working class. You do not earn a billion dollars, you rob others of a billion dollars, and it’s only natural that people who did that will not have the best political intentions in mind. They all need to be kept at bay (actually just stripped of wealth and sent to do community service for a long time or smth).
China is subsidizing its economy primarily to develop productive forces which is seen as a necessary step towards communism. This means also that it will be more competitive at the international stage; this is primarily just socialism winning in the “free market of ideas”.
Or, hear me out, they could also subsidize their industries where it matters. But they can’t really because most of that subsidy will be promptly absorbed by the capitalist in charge, and that is primarily the point.
Like, think about this on a global scale. If every state stopped subsidizing all industries, we would only be left with what’s most profitable or the most popular with the working class, depending on the dominant mode of production. If everyone subsidized the industries necessary for human development, we would get human development. How is that not a win?
They still allow capitalists to become billionaires. It’s the ones the people in power don’t like that get life in prison or execution. Enemies of the party, not enemies of the working class.
They do and China also puts tariffs on those industries to protect their own. But no other country, save for the US, has the funds China does. The rest of us can’t just subsidize entire industries until international competition falls apart completely. There are subsidies to help an industry develop, and there’s economic warfare.
In this case, enemies of the party ⊂ enemies of the working class. Is it ideal that there are haute capitalists at all? No. Is it better in that respect than almost any country on earth? Yes.
Well maybe countries could band together to engage in some kind of an international economic cooperation to pool funds together, strategically invest in their industry, and better their economies. Maybe countries in Europe can form a Union of some kind. If they did, their combined GDP would be on par with that of China or the US, and they would have a lot of resources available for investment…
Again, the problem is not how much cash the EU has to invest in itself, the problem is that subsidies under capitalism lead mostly to profit increases for capitalists and actual industry development is limited. Nationalization (or at least much tighter control) of key industries is required to speed up development of productive forces.