China did not press a magical “make billionaires from clay” button. It enacted market reforms, after the failure in leaping directly from a largely feudal economy to a collectivist one, to progress the development of its economy within the global capitalist market system. Billionaires are an unfortunate symptom of the condradictions inherent to this system. Unlike most countries, however, the chinese government recognizes these billionaires as the threat to the public that they are, and tends to be much more cautious about them as a result, resisting their influence in state affairs.
Comment on Why does China have so many multi billionaires if they are aiming to be a communist country?
Return_of_Chippy@lemmy.world 2 weeks agoWhat do you mean?
Strawberry@lemmy.blahaj.zone 2 weeks ago
Amnesigenic@lemmy.ml 2 weeks ago
Are you an actual child? Serious answers only please
Return_of_Chippy@lemmy.world 2 weeks ago
What do you mean?
Amnesigenic@lemmy.ml 2 weeks ago
I mean that if you have a valid excuse for being this painfully naive then I would like to know in advance before I hurt your feelings about it
Return_of_Chippy@lemmy.world 2 weeks ago
You’re why I do this. I’ve never seen an easier group to ragebait than .ml users. I don’t care even a tiny bit about China or their billionaires. The fact you’re viewing a shitpost through the lense of winning and loosing is the best thing I could have hoped for making this post.
Dearth@lemmy.world 2 weeks ago
I think the billionaires are just a symptom of the capitalist global economy. China uses the wealth generated by the billionaires to further their goals of working towards communism.
boonhet@sopuli.xyz 2 weeks ago
Interesting, and I thought it was the workers who generated the wealth. Perhaps it should not belong to them after all then. Why tax the billionaires at all if they’re the ones generating the wealth?
AlfalFaFail@lemmy.ml 2 weeks ago
Instead of using the term good, I think the standard here is asking, “Do the billionaires have more power than the some other group? In this cases CPC.” And if the CPC has more power, “What role does the CPC imagine using the billionaires to development of society and the party goals?”
WoodScientist@lemmy.world 2 weeks ago
“The ends justify the means.”
Surely that’s never caused any problems…
AlfalFaFail@lemmy.ml 2 weeks ago
It depends if you think capital circulation is a necessary step along the way to a more just world. For Marxists, they see it as just another step in the process to socialism. There are reasons, and I’m happy to describe the theory if you’d like, but that’s what they believe. They see it as a process they can control verse a process in which they become exploited.
WoodScientist@lemmy.world 2 weeks ago
I’m not really asking about capital circulation. I’m interested specifically in the billionaires. So why the billionaires?
I can understand the logic of having a market-based economy. It’s a very effective means of achieving compound economic growth. But a market economy does not require billionaires. There are numerous more equitable models that China could have built its system around. For example, they could have built their market economy based entirely around worker-owned co-ops. Co-ops can compete just fine in markets. Or, they could have gone with the current structure, but put in place a wealth cap. That’s been proposed before even in the US.
Why couldn’t China build a market economy, but just have a hard rule of “no one is allowed to amass more than X amount?” Even if people couldn’t hoard more than say, $100 million, that still gives people plenty of incentive to start new businesses, get an education, work hard, etc.