Socialism

You’re right, not every economy requires capitalists. However, if a country wants to rapidly develop its productive capacity, capitalism is the best tool for that, and if you’re going to use capitalism, then you’re going to have capitalists.

I and others have already explained that China thinks it is necessary to use capitalism for two reason, 1) to lift their people out of extreme poverty and create a good quality of life for their people, and 2) to ensure that more highly developed capitalist nations can’t invade and overthrow the revolution. The first part of number one has been achieved, and the second part will likely be achieved in the next 10-15 years. Number two is more nebulous, and I have no guesses on when the Chinese will feel their economy is secure against foreign meddling (probably soonish though, given the rapid decline of western societies).

Maybe a better tactic would be to ask you why you don’t believe that capitalists are a necessary side product of capitalism? Or why you don’t believe that China should be harnessing capitalism? Do you have an answer besides “billionaires are bad?”