Comment on Why does China have so many multi billionaires if they are aiming to be a communist country?
plyth@feddit.org 3 days agothis 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.
Doomsider@lemmy.world 3 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.
plyth@feddit.org 3 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.