• GarbageShoot [he/him]@hexbear.net
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    3 months ago

    I only just started the video, but citing Deng being a longtime member of the CPC as being a reason he wouldn’t be a capitalist roader is ridiculous when you look at his actual career and Mao’s personal efforts to correct his right-deviationism.

    • ButtBidet [he/him]@hexbear.net
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      3 months ago

      As someone who’s read and consumed a fuckload of media on this subject yet still hasn’t formed an opinion, I’d appreciate reading/seeing something from the other side. No disrespect to Ben Norton, but he’s clearly in the pro modem China camp.

      • GarbageShoot [he/him]@hexbear.net
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        3 months ago

        The basic thing is that most of this video simply isn’t written in terms of what capitalism is, it’s comparing the US’s highly financialized economy to China’s highly industrialized economy and saying that thte latter isn’t capitalism because it’s not cannibalizing itself through finance bullshit, but that was never the question! Most generically cynical takes call it a competition between finance capitalism and industrial capitalism and he says nothing to contradict that successfully.

        • ButtBidet [he/him]@hexbear.net
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          3 months ago

          I mean this sincerely when I say that I would like to see the other side of this argument. Obviously Ben Norton is very pro modem China biased. Do you have any media portraying the other argument?

    • healthkick@hexbear.net
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      3 months ago

      State Capitalism is when all large enterprises are owned by the state.

      It’s what the Soviet Union did under GOSPLAN.

      You mean to say the majority of economic relationships in China are in the capitalist mode but subject to enormous state intervention and control, which is the same point made in the video that the communist party maintains control over an economy with market mechanisms.