I am not educated in the China. But I am still doubtful. Deng basically created state capitalism. Was a revisionist. And even Mao called him a capitalist roader. I know with his capitalist reforms he lifted a lot of people out of poverty, and rich people in China are under strict state control. But does China owe its development to Deng? Would it be just as developed if it didnt do such reforms? Does it justify Deng’s revisionism? What do Chinese Maoists think about Deng? I know Lenin’s NEP also allowed free market, but only for a limited time.
Here’s my other comment on why china is not “state capitalist”.
Also this is worth a read:
What do people mean when they say state capitalism anyway? I’ve only seen people calling things state capitalist without explaining why.
I don’t know, its an extremely confused term to me. “Capitalist state” makes sense, because it implies the state is ran by and for the benefit of capitalists (which describes all bourgeois democracies / capitalist dictatorships.) It also accurately describes the class relations behind the thing… the “state” is not a class, its a tool used by whatever class holds power. IE capitalist state, vs a workers state.
“State capitalist” could mean that the state acts as the capitalist… which is a contradiction in terms because capitalism is private-ownership and power. It can also mean the state makes of profit off of its people, kinda like how the US state makes a profit off the interest it charges on student loans, or public utilities it sells. But those profits ultimately go towards other things in the budget, all of which are decided on and benefit capitalists, not the people. So its just a very confused term.
I see it mostly used by liberals and anarchists who think the state is this all-powerful self interested political class which controls things whilst holding no economic power. IE somehow they have political power without economic power.
Thank you a lot… I found another one of your posts here too about China and it educated me a lot.
No probs :)