I posted that one comment from another thread on lemmygrad on the reddit thread, an analysis of why China is socialist. I’ll put it in the comments.
I posted that one comment from another thread on lemmygrad on the reddit thread, an analysis of why China is socialist. I’ll put it in the comments.
Ok for the land but are the factories, machines and offices on ranted land also owned by the state?
Yes, every inch of land is owned / controlled by the entire people, with a maximum of 90 year leases.
I think they were asking about the means of production sitting on top of the land, not land itself. Aren’t those privately owned?
Ah, my bad. In the SEZs (special economic zones), private capital can of course paper-own their own productive equipment, but if they ever wanted to move out large-scale equipment, they would likely get export-controlled. The most-likely scenario would be that you sell it to either a state-owned company or another competing company. This differs from liberal countries which let them tear apart entire industries and cities and ship the equipment elsewhere. The primary “bargain” being not necessarily to capture the specific productive equipment, but rather to gain technological expertise that you can apply to your home-grown industries.
I see, so if I understand correctly, private corporations can on paper privately own (with caveat) means of production but only in the SEZs and that “ownership” is very restrictive such that the company isn’t allowed much control of what is to be done with those outside of using them strictly for production. Is that it? I suppose that apply to chinese national companies too? They can have their “private ownership” in the SEZs but aren’t allowed to own means of productions anywhere else in China? Not even on paper? Is everything outside of the SEZs state owned?