The PRC has atleast 100 billionaires in the upper sections of its government and “Communist” party, and many more millionaires.
These sources are both false and misleading. The economy of the People’s Republic of China is very similar to that of a Fascist state, in that state and capital have merged to such an extent to which even the state-owned economic assets are de-facto in the hands of the ultra-rich. Even if these sources were correct, it does not change the fact that the state-owned sections of the economy are a minority, making up only aboud 25% of the economy, the rest being privately owned.
Perhaps you Dengists should consider reading the works of actual Marxists, it will help you understand that multi-billionaires and Socialism are incapable.
The CPC is not run by billionaires, wtf are you talking about.
Is China State Capitalist?
The PRC has atleast 100 billionaires in the upper sections of its government and “Communist” party, and many more millionaires.
These sources are both false and misleading. The economy of the People’s Republic of China is very similar to that of a Fascist state, in that state and capital have merged to such an extent to which even the state-owned economic assets are de-facto in the hands of the ultra-rich. Even if these sources were correct, it does not change the fact that the state-owned sections of the economy are a minority, making up only aboud 25% of the economy, the rest being privately owned.
Perhaps you Dengists should consider reading the works of actual Marxists, it will help you understand that multi-billionaires and Socialism are incapable.
Sources: https://www.hindustantimes.com/world-news/chinas-top-20-businessmen-cum-lawmakers-are-worth-a-staggering-534-billion-101614930775615.html
https://www.piie.com/blogs/realtime-economic-issues-watch/private-sector-retreating-china-not-among-its-largest-companies