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Comment on Why does China have so many multi billionaires if they are aiming to be a communist country?

IMHO China is a more capitalist country than the USA. 12h workdays 6 days a week

Communism doesn’t mean that everybody can slack off. If people don’t work enough it’s difficult for them to catch up with Capitalism, like USSR and Eastern Europe have shown.

All that work has paid off for China. Unlike any other country they have a shot at being independent from the West.

Capitalism means that the people who control the means of production also control politics. That’s not true in China, so that people there can hope for a better life despite AI and robots.

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Doomsider@lemmy.world ⁨3⁩ ⁨days⁩ ago
Your saying the working class of China has worked really hard for the ruling class in order to speed run capitalism and this proves they can become independent of the West?

Also, what you describe is not capilitism, it is fascism (state and corporate merger on policy) The answer is China has many fascist qualities just like the USA. Also, they are great because of the US not despite it.

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- plyth@feddit.org ⁨2⁩ ⁨days⁩ ago
  
  this proves they can become independent
  
  Technically the variety of Chinese businesses proofs that and not the amount of wealth.
  
  Also, what you describe is not capitalism, it is fascism (state and corporate merger on policy) The answer is China has many fascist qualities
  
  I wanted to say that in China the party holds the power and not the billionaires. Though nowadays billionaires can become members and corruption has given party members billions.
  
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  - Doomsider@lemmy.world ⁨2⁩ ⁨days⁩ ago
    That just it, their goal is not to become independent. They wouldn’t be propping up the entire western world right now if they wanted independence.
    
    Nowadays China has produced more billionaires than the US for the third straight year in a row with no signs of slowing down.
    
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    plyth@feddit.org ⁨2⁩ ⁨days⁩ ago
    They don’t want to be dominated by the West. Propping up the West makes the West dependent. Still, China could stop propping at any time.
    
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boonhet@sopuli.xyz ⁨2⁩ ⁨days⁩ ago

All that work has paid off for China.

True, they’re minting new billionaires faster than any other country in the world.

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- Nonconfrontational@lemmy.ml ⁨2⁩ ⁨days⁩ ago
  They’ve also lifted 800,000,000 people out of poverty in 40 years.
  
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- plyth@feddit.org ⁨2⁩ ⁨days⁩ ago
  They are not treated like Iraq or Iran. That alone is a success, for every citizen.
  
  The difference to the West is that the party stands above the billionaires. That means they have working healthcare despite billionaires.
  
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